Other possibility- they would renegotiate terms of the loan. Push back the due date and in return get paid higher interest. From memory, interest now paid is 7% and may be it will be renegotiated to 10%. No dilution for current holders, EGP is not stuck with additional shares and pressure on management to earn that extra 30k to make up for the increase in interest. All in my opinion…
Other possibility- they would renegotiate terms of the loan....
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.406M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 782242 | 2 |
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| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
| SP3 (ASX) Chart |
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