Someone explain upcoming debt for equity swap please?, page-4

  1. 482 Posts.
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    Are you deliberately misleading findingnemo ? I hope not because the question was genuine and the prospect of people losing money on this is high. The company itself has declared that a debt for equity swap is on the cards. How a person feels about that is up to them but it is not an invention of anyone who posts on here - to quote from the company itself and it's announcement yesterday morning. The Company and New Senior Lenders believe a Restructure by a debt for equity Lender Scheme of Arrangement is in the best interests of all stakeholders.

    The rest of the ASX announcement is at this link findingnemo - https://hotcopper.com.au/threads/ann-update-on-capital-structure.3303945/?get_post=true#.WM0LHm996Uk
 
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