IMO Here are some positives:-
(1) Little or no debt. Less risk and lower risk of default.
(2) New management team can now focus on growing the business and growing profits.
(3) New owners aligned with existing shareholders to reset the business.
(4) Mr Market still values shares at around 9 cents.
(5) Downrampers who were predicting 1 cent have also been wrong.
(6) Most of the PIP will have been implemented.
(7) Less interest to cover, means higher profit.
(8) Enterprise value remains the same with higher equity component but much much less debt.
These are some of the positives I can see. Others may disagree but this is my opinion only.
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