I am a fairly large shareholder who baught 200,000 shares on a punt because the shares seemed low at $1.06. I am deeply concerned that when groups like Macquarie are braught in to advise they do not represent shareholders, but rather management and staff and the survival of teh company as a going concern. If we could not raise money at 26c do you really think private equity is going to come in as a white night? If The order book is strong and the banks are not too quick to act then why do we need to do anything rash? Its time for shareholders to stand up and make a statement to the board. A renounceable rights issue is the only way to go. It will hurt in the short term, but if the company does have the work in hand for the next few years it should stabilise pretty quickly. Is Debt the only issue with this company????
I am a fairly large shareholder who baught 200,000 shares on a...
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