Yeah, it's ugly out there. I really don't know. This sort of thing seems the order of the day. It's all so dependent on how much longer this shut down goes on. If you believe that NZ sports, especially rugby, will live again, at some point - then it makes no sense to shut down SKT. There has to be value in keeping it alive. Who would want to issue bonds at current prices? CR yes, may be in order. And yes, dilution to those who don't participate is a real problem. Strange times.
I wish I knew.
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