PGA photon group limited
Add to My Watchlist 0.00% ! 52.0¢

not "oversold" , close financial bankrupt edge

  1. lei88
    1,648 Posts.
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    18/08/10
    12:54
    Post #: 7033146
    "What will happen if the Recapitalisation
    Proposal does not proceed?

    If the Recapitalisation Proposal does not proceed, Photon will
    .....
    an alternative restructure or waiver agreement is not agreed with Photons lender or the Deferred Consideration Beneficiaries,
    Photon will not be in a position to meet cash Deferred
    Consideration Payments due on or around 30 September 2010
    and Photon will be in breach of financial covenants under its debt facilities at 30 September 2010. If this occurs, the SOLVENCY of Photon will be threatened."
    PGA Price at posting: $1.98 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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