I think it's intentionally not suggesting anything, released by a lawyer.
The 'if necessary' could be interpreted that recommencing trading was not the most likely option.
But as I said I think it's intentionally not suggesting anything different from what has previously been released. All the previous solutions are still being mentioned.
'Alternate funding' could be share placement, debt/bonds, securatisation of assets or a combination of all.
Just as 'change of control' doesn't necessarily mean a takeover,it could mean someone taking a majority stake in the company.
For example Bain Capital could inject $200m through the issuing of 80m shares @ $2.50, take a majority stake & provide a guarantee to the senior lenders or provide the debt themselves. That would leave a huge capital base for growth & they could nominate board members, CEO etc
Or alternatively they could just offer $1.70 a share as a take it or leave it offer.
At the end of the day any 'financer' will do what's in their best interests for a return & with the appropriate level of risk.
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Last
62.5¢ |
Change
-0.015(2.34%) |
Mkt cap ! $89.67M |
Open | High | Low | Value | Volume |
64.0¢ | 64.0¢ | 62.5¢ | $22.31K | 35.43K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2900 | 61.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
63.0¢ | 16036 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2900 | 0.615 |
1 | 90989 | 0.600 |
1 | 18019 | 0.555 |
1 | 100000 | 0.550 |
1 | 18830 | 0.510 |
Price($) | Vol. | No. |
---|---|---|
0.630 | 16036 | 1 |
0.640 | 15237 | 2 |
0.650 | 18199 | 2 |
0.655 | 19982 | 1 |
0.660 | 40000 | 1 |
Last trade - 15.23pm 14/11/2024 (20 minute delay) ? |
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