PPG is not the only company that has been struggling in a very...

PPG is not the only company that has been struggling in a very difficult environment the last 12 months. i’ll
The difficulties of supply chain disruption, labour shortages and inflationary cost inputs following on from Covid are all manageable; in time.

with a recession possible, bankers are all becoming skittish and any hint of a company struggling gives them cause to call-in debt; that’s what banks do unfortunately.

with a supportive major shareholder willing to underwrite the capital raising, we are in a fortunate position with the company being able to trade out of its difficulties and potentially return to acceptable levels of profitability.

Not sure if anyone remembers the Burns Philp turn around where the company was rejuvenated and the share price went from a hand fall of cents to over a dollar; thats what might be possible here.