Dargie, IMO They did not want the SPARCS converted, if you...

Dargie, IMO They did not want the SPARCS converted, if you converted them to shares you go to the bottom of the list. Expectation that they won't be rolled over could be read as,

1 Refinancing in pipeline
2 Refinancing in tranches
2 repayment of all debt, we can only dream
3 partially repaid then see 1

or
Rolling over your facilities (debts), only allows you to keep floating until the banks pull the plug. and complete a fire sale.


If the news is out there that the facilities will not be rolled over, ie: no more Working Capital, give me back my money. Then the company needs to have considered a trading halt and an announcement as I'd consider that material. This would allow new investors know what they are getting themselves into and existing investors a decision to make (Sell or Hold)

The world has not changed that much over the last few years, we just need the bucket to get replenished with cash, at a point in time there will be so much money out there screaming to find a home.