Existing holders 'equity' is $40 mill.
IF the existing creditors could be 'bought out' for $40 mill, would exiting share holders wonder about the viability.
That is, the 4 cent shares are worth nil, but each owner of a 4 cent share buys an equal 4 cent share in a new company GC2.
If YOU were a holder would you do it?
To me the most interesting holders are NRW contractors and the German dude. Would they double down to start from square one. Then you get rid of the banks and you start again. In fact, NRW would simply trade their secured interests for like half of a new company.
I am not meaning to annoy any poor holders with my thinking. I just 'wonder' if there is any good result that can come from this.
Existing holders 'equity' is $40 mill.IF the existing creditors...
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Last
$1.27 |
Change
0.045(3.69%) |
Mkt cap ! $1.438B | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.32 | $1.24 | $3.023M | 2.368M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 71515 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 31239 | 19 |
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| Last trade - 12.43pm 05/09/2024 (20 minute delay) ? |
| SPR (ASX) Chart |