"TheOctagonal Group has conditionally agreed to a majority debt to equityswap by way of participation in a proposed rights issue that would involvean up to $5m equity investment in the Company. This may result in theOctagonal Group becoming a 20% to 25% shareholder, depending onsubscription levels by other shareholders. The support of the OctagonalGroup is conditional on, among other things, the re-capitalisation planbeing agreed to in principle by all stakeholders including all other creditorsprior to 1 March 2019."
Way can't they be more specific about the terms....?
Gandel making Rogers the sacrificial lamb perhaps?
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"TheOctagonal Group has conditionally agreed to a majority debt...
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