Ouch!!!
Resignation of a director, and current funder Macquarie has them now on credit watch.
My personal reading of todays announcements are that they could not find an alternative funder and now they will need to re capitalise.
IMO this will mean current holders will be massively diluted and its the new investors that might see a decent return on investment. Sadly most of the top agents that invested early on will be diluted away as well.
Sad to see this didnt get to break even quicker.
10x
Ann: Resignation of Director, page-2
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