I knew Sols were being opportunistic sharks, but the export finance corporation too? They are certainly huge dollars in interest payments just to stand still even! Does really make you wonder about capability of board and particularity executives -though there has been some change ( not enough I feel)
It is absolutely incredible that the government was going to stand by and let this company die, and still might, given the recent shenanigans with the big review and cutting back of land based machines and preferring timeliness to local etc etc. The export finance corporation were also being greedy and it seems it is still government owned.
share price recovering somewhat but it is still only 50 50 chance of survival one would think- upside maybe could double or a bit more perhaps - but only if they get their financing sorted out as they are giving up $100 million in market capitalisation there with penalty interest
EOS Price at posting:
67.0¢ Sentiment: Hold Disclosure: Held
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