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.
I think it's intentionally not suggesting anything, released by...
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Last
51.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $81.96M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 500 | 1 |
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| Last trade - 16.21pm 04/07/2025 (20 minute delay) ? |
| PNC (ASX) Chart |
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