...company is worth nothing today....it is basically bankrupt......

...company is worth nothing today....it is basically bankrupt... was basically already based on 31st Dec numbers... and this money raised will be used to help some of their creditor buddies out.... I love how they are hiding the intangible assets under 'other assets'...a full ~$900M....worth probably nothing based on the latest EBITDA projections.... and most of their debtors will be written-off..... so brace yourself...will soon be worth far less than $1.70....

...anyone investing in this market with ZERO visibility on the real impact of COVID19 in something that may close down in the next three months ...is a gambler.... not an investor...

...anyway....will probably run fro a while....to entice poor retail investors...and once they have their money...the shorting algos will kick in.... these 'institutional investor' will make more money on shorting the stock until death....when no-one have to return the shares due to insolvency in the end....old tricks.

....run for the hills... avoid like the current plague

...my 2 cents....