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2,468 Posts.
1
23/02/17
10:02
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If they didnt suspend the shares we would be risking administration.
They can now go to the lenders and ask for a bit more cash and amendments to covenants..
If the lenders say no, they come to us and do a CR.
If we were trading, this would have taken a huge beating and a CR would not be as effective.
I think they may do a 1:4, thats 500mil shares at 4c = 20mil AUD
I think that should be enough.
Last edited by
Nikec:
23/02/17
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