Well lets look at this.
They had $82m in debt
They sold one division for over $55m
They had debt of $21m at 30th June
They now need a $50m equity injection
This smells to me like the business has been trading insolvent for some time!
Major shareholders will step in on a massively dilutive basis and all the small investors are going to get hammered!
Well lets look at this.They had $82m in debtThey sold one...
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Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.62M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7172 | 7.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.8¢ | 820 | 1 |
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| Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
| PPG (ASX) Chart |
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