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.
- Forums
- ASX - By Stock
- Ann: FY19 Annual Report (with App 4E)
I think it's intentionally not suggesting anything, released by...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
Add PNC (ASX) to my watchlist
|
|||||
Last
51.0¢ |
Change
0.005(0.99%) |
Mkt cap ! $70.18M |
Open | High | Low | Value | Volume |
50.0¢ | 51.5¢ | 50.0¢ | $88.49K | 175.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7493 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.5¢ | 150362 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7493 | 0.510 |
1 | 40000 | 0.500 |
1 | 422 | 0.490 |
1 | 17976 | 0.465 |
2 | 35000 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 150362 | 2 |
0.520 | 2652 | 1 |
0.535 | 992 | 1 |
0.540 | 50000 | 1 |
0.550 | 60000 | 2 |
Last trade - 11.40am 02/08/2024 (20 minute delay) ? |
Featured News
PNC (ASX) Chart |