With the latest Debt Scheme, it's effectively a 20% interest rate. They have a $13M debt facility provided by the CEO, of which ~$8M is drawn down.
So that's $1.6M in interest per year. Assuming no other drawdowns, just the interest to be recapitalised.
So after 3 years of just the interest, the entire debt facility will be used up. There will be a CR, an offering of 0.1c to pay off the debt, $13M to issue 13B shares (1.2B on issue today). Thus Peter Barber will then effectively own 92% in 2028.
This is just a simple calculation and potential forecast.
DYOR
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.075M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $4.597K | 875.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 7088911 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 12540 | 1 |
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| Last trade - 14.26pm 01/08/2025 (20 minute delay) ? |
| AMS (ASX) Chart |