"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
