Not expecting very much to be honest Jim, maybe a small increase. There will be a couple positives to take from the report.
The restructuring plan will restrict the share price from doing anything significant. Buyers are very sceptical and nervous.
I'm hoping BH steps up and gives shareholders some positive commentary On the plan forward, I think this could surprise many.
I am very confident administration is out of the question, small to medium dilution is a possible but they are trying to avoid at all costs.
Like I said the other day ultimately I believe there may be a slight debt reduction if or when nab, westpac sell down there debt.that is possibly partially impaired anyway.
What we do know is the deal on the table from Sgh has not been accepted yet. IMO because the banks want time to release their 1H numbers on the 4th ~ 8th may.
Either way this is not a short term punt.
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RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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