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Pretty misleading announcement. They have repaid Mega Bank, but...

  1. Flognoggle
    80 Posts.
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    07/01/22
    11:21
    Post #: 58701613
    Pretty misleading announcement. They have repaid Mega Bank, but only by borrowing money from Somboon, the Thai vendor. So it's really a refinancing of the debt, not a repayment. They still have a ton of debt, but now they owe it to someone else, not to Mega Bank.
    DNA Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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