ATL's debt to equity level is too high, so it is impossible for banks to do debt-equity swaps even at a deep discount.
ATL's debt to asset ratio is high as well, so it is also not possible for any suitors to buy asset as ongoing concerns.
so they are fuxk, and executives only take 20% hair cut for their mess up, further proves their heads are still under the sand!!!
Ann: Trading update, page-16
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