A40
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0.00% 8.2¢ alita resources limited

Ann: Director Resignations, page-24

  1. GARETH78
    8,167 Posts.
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    10/10/19
    16:38
    Post #: 40819554
    Reading that example the Directors and a major stake holder recapitalised the company and swapped for equity.

    Unsecured creditors got 10c in the $ - terrible outcome for them.

    Retail shareholders would have been diluted to oblivion. You want to hope thats not what they have planned for A40.
    A40 Price at posting: 8.2¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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