Can I offer a contrarian view here. This mornings announcement did not say they had been declined funding, simply that those discussions had not resulted in a deal being done.
On the flip side - they state that discussion with partners and other parties are ongoing and a deal may be in place within 2 days. This tells me that they were discussing with other parties and the Banks at the same time, and perhaps, just perhaps they are on the cusp of a deal that is more favourable to them than what they were offered by the banks.
The key here is that they have not been explicit in saying they were declined by the banks. Perhaps there is a better deal on the table that they need a few days to finalise.
Im not a holder - but I am interested in the stock and am merely suggesting that holders (and potential holders like myself) may end up being pleasantly surprised.
PWK Price at posting:
$2.16 Sentiment: None Disclosure: Not Held
