If:
- your back is against the wall
- you have sunk heaps of equity
- but you are a large owner of the Con Notes
- you pay yourself more than the company can afford, and
- you control the Board
.... what would you do?
Wipe out capital raising, or Administration (followed by a wipe out capital raising and debt for equity swap)? Which will it be?
All my opinion
Ann: CardieX - Go-to-Market (GTM) & Product Development Update, page-14
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