"The credit line will only last 6 months so the CR is happening at some point. "'
yep $30m to last 6 months then what?
Incredibly weak financial situation for a company with a massive MC of $140m.
And we don't even know the situation with the halt of the lease,if that is upheld--- well???
If ASN wait until the $30m line of credit is all used up, a CR could possibly be done at a few cents.
In my opinion they need to raise now or it could be financial suicidal.
But they won't imo as they have the $30m credit to use, so let's see how this turns out
Ann: Quarterly Activities and Cashflow Report, page-73
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