For whatever reasons this Company suffered a 70% SP fall
Right?
Shareholders must accept that fact..
So PIF must accept that too. So creditors must accept that too.
Given the we all accept a 70% loss ...for the timebeing is there anyway to get it together and hold that 30% of whats been left to each faction, to support working assets?
Time has been revealing some issues and will continue to present opportunities and without our Directors at the helm the Administrators may not have the time to consider options.
How can the Creditors give the Directors a chance ? There are opportunities around..imo. Can we shareholders forgo 70% of Shareholdings just like PIF unit holders and give creditors some equity or something similar?
There must be some smart people in this mess who can work something out but they have to be thinking positively.
With F1 looking like a non starter on the Gold Coast post 08 ... CVC ..majority owner may be wobbly after the Lehman crash.. Theres always room for adjustments...fine tuning?? Positive but realistic financial engineering !
OCV Price at posting:
99.0¢ Sentiment: None Disclosure: Held
