The EBITDA forecast for 2016-17 has been cut from $430 million to $450 million to $365 million to $375 million.
Vocus now expects net debt will be $1.1 billion to $1 billion at June 30, but said this was "well within" covenant levels.
Ok, probably will not happen, if they do so they will need to sell assets........playing the devils's advocate.... Scenario - Lets say Sell in May occurs and markets have a correction and Voc price drops considerable lower, perhaps even below $2.00, there market cap will be getting close to $1.1 bilion.... Covenant issues will arise...
hopefully it doesn't get to that !!!!.....
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