Mother of all CRs

apart from being in complete disbelief about the sheer disaster of the results, we have another huge problem.

Before the Bank Syndicates imposed deadline for a restructure, there will surely be the mother of all CRs to bring the debt/equity position in a better position.

They will need to raise (IMO) c.500m to reduce their debt position to under 300m (note it's currently c. 750m but increasing by the day as cash flow is hugely negative)

The raising will need to be super attractive to the underwriters given the last acquisition has been almost entirely written off within 12 months.

Maybe a 10-for-1 raising at 10c ??