A couple of thoughts:
1. Why don't AJM undertake a right issue the equivalent of the debt amount?
2. My guess is that the BOD initially got favourable terms but was jeopardized by Covid. So, they just made the best out of it
3. Paying 10% of mc (~15m) to delay and revised the terms seems "okay" since we couldn't pay similar amount of interest
4. We got three years to turnaround the ship.
Ann: New Financing Package, page-124
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $18.53M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.621K | 1.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 121 | 181496973 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 20055545 | 43 |
| Last trade - 15.53pm 04/07/2024 (20 minute delay) ? |
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