jfe shoji are supportive of management, page-3

So according to the article sources at the financial end of town say JFE Shoji is "supportive of mangement" and a banking source says a debt for equity conversion is on the cards.

Bit of a confusing line there.

Hopefully "supportive of management "will mean an increased equity stake in Baralaba.

And a debt for equity swap would probably involve SK paying the debt and then getting equity equal to the amount outstanding. Given our market cap is $60m and the debt is $100m Im not liking the sounds of this route, unless they can get the share price up first or issue stock at a big premium.

But if you do the JFE Shoji sell down then presumably you dont need to do the second.