In spite of the manging director's optimistic statements and the shareholders hopes the noteholders opted for 25 million cash rather than hold shares. Would be interesting to know their reasons why they believe they're better off out of the shares. True, they opted to take some shares but these are major stakeholders and they opted to get out in a major way taking with them 25 million of much needed cash. Anyone care to speculate?
NGF Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
