reviewing past scheme of arrangement, where equity is negative. Or close to negative.
Lenders have swapped debt to take. 70%, 80% or 90% of all shares.
Iam expecting anchorage to swap debts for 80% of post dilution shares.
Slaters have 3 halfs of negative earning. Its not going to magically make 70m net profit a year.. realistically, iam expecting maybe 7m net profit this half.. even then thats not enough.
reviewing past scheme of arrangement, where equity is negative....
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