"To support it through these challenging times, major shareholder Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) has agreed to refinance the $35 million Roadnight debt facility that was due to expire on 6 September 2022 and extended the current maturity date to 26 September 2022."
Only a 20 days extension? Good luck with that, considering the massive losses. Where's the money gonna come from? Another capital raise, given the previous failed one?
"Soul Patts has also agreed to provide the company with a $20 million working capital facility.", so more debt...
I am down 85% in this company, and I not optimistic. When does it stop making sense to sell?
EOS Price at posting:
52.0¢ Sentiment: Sell Disclosure: Held
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