Apparently we’re gurus for having basic common sense.Company has...

Apparently we’re gurus for having basic common sense.

Company has no money and cannot grow while it needs to cut costs. They have no intention of raising capital on their own admission and it’s likely that the cuts will be so significant that revenue will continue to decline. Strategic review/restructuring is a term used by insolvency advisors to essentially trim the fat, pay out the redundancies you can lodge and pay compliance documents and prepare for the end.

Eventually it will be so obvious as the holders will receive letters from the appointed administrator. Until then, they will literally cling to the life of this dead duck as your rightly say, and will likely cook along with it.