spot on. It’s called creative accounting when you can’t make your interest rate payments and simultaneously trying to renegotiate terms of ones loan (debt trap). unfortunately this debt won’t disappear as Li prices won’t recover significantly for another year plus. So what’s left, surviving in a negative or best case small positive cash flow, not ?! Just IMO means hostile take over via debt in a year or so.
let’s see new term, but anything not below 12-14% is just IMO just extending the inevitable.
Ann: Trading Halt, page-155
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