The deal is saying the current equity is worthless. But the reality is it is not worthless. The deal has been set up such that the only way to claim the equity as having any value is to put more equity in.
The thing is 80m worth of equity has already been created by SC lowy taking over the debt so additional equity or capital raising is no longer needed.
What is needed is a more fairness in a new deal so all shareholders can benefit not just mark. Havenfresh should have an idea
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