This is excellent news. Directors and funders all increasing their equity. You wouldnt be doing that if you thought the stock was going lower. Particularly like the comment from Pure:
PURE Portfolio Manager Mike Henshaw commented: “We are pleased to be long term funding partners for Swift and acknowledge the work the company has done over the last two years to set the business up as a sustainably profitable player in the mining/resources and aged-care markets in which the Company operates. We think all Swift investors are justified in sharing our enthusiasm for an investment in Swift and we’re delighted to align further with shareholders via a conversion of our debt to equity.”
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