These announcements sound like they are leading to more money for management in various ways. Will shareholders benefit from the freeing up of equty? Depends on what they do with the future borrowings. A bigger asset base means more pay, but also higher gearing - back to the future! Good aspect is that it looks less likely they will default on future debt, but looks like insiders were trading on this already.
Also the change in structure will be a "we are so clever" moment. Give us bigger bonuses!
Are these a reason for a higher SP? Not IMHO.
I'm short, but average height.
AIO Price at posting:
$1.67 Sentiment: ST Sell Disclosure: Held
