30 April when CV cases were still out of control and economy...

30 April when CV cases were still out of control and economy shut down. Ads have clearly bounced back so that doom scenario didn’t eventuate.

either way, it’s stupid- the debt is not repayable until end of next year, and then only half. The market cap v debt is simply not a relevant metric. As long as they can find a lender willing to back them, they are fine - at least WRT debt. The actual concern is short term cash flow- this is what triggers insolvency if there weren’t an insolvency holiday until September. Dumb dumbs think the debt pile is all the matters