Wow this thing must be in diabolical financial condition. Can't come up with this small payment and $24m due in 2 months. Leaves several options
1) Goes bust
2) Major shareholders agree to underwrite a 2 for 1 rights issue at circa 3c to take control of the company. Not sure why they would bother to do that and leave a listed rump with the associated costs
3) Major shareholders refuse to back a rights issue, hold a gun to the Board's head and mount a recommended takeover bid at discount to share price which is "Unfair but Reasonable" given that coy would be bankrupt
What a sh!t show
B2Y Price at posting:
7.2¢ Sentiment: None Disclosure: Not Held
