AFR - MR Deadline in 5 Days, page-9

Nice to hear your thoughts. The company is in need of a recap as it essentially has 0 equity and 80m of debt. (The current equity has value but this value can only be realised if we are allowed to keep plugging along.) The recap will allow for a more sustainable capital structure. The equity injection is vital whether we go with Havenfresh or MR. In either situation existing shareholders will be significantly diluted. The question is whether we as minority shareholders are allowed to participate in any equity raising. The dilution happens if an existing shareholder does not participate under the MR option or does not have the option of participating.

I am not advocating that the MR option is a good deal, just simply saying for lack of a better option it is unfair but ok.