PSH penrice soda holdings limited
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Is anyone else watching this slow motion disaster?The interim...

  1. bacci
    12,778 Posts.
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    05/03/14
    12:28
    Post #: 13085203
    Is anyone else watching this slow motion disaster?

    The interim results announcement included a statement about the imminent debt for equity swap. There is $117m of debt and about $5m of equity currently.

    After the swap the debt holders might therefore have 96% of the company.

    Four per cent is a good result for existing shareholders, I was expecting zero. A good effort by management and directors if they can bring this off.

    bacci
    PSH Price at posting: 5.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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