2ic,
As a guy who seems to know his stuff - if a debt to equity conversion exercise was to take place, what kind of dilution do you think may take place (ball park)? For example, do you think our current shares may be diluted by say 50%?
This is gut wrenching stuff, I feel especially stupid as I only invested ($17k) in this around 4 weeks ago.
From what you say, this may not be a complete write-off & we may be able to claw some of our investment back in the future. GT would have to give us all a hell of alot of bonus shares in the future to even have a sniff of getting back in the game. However, judging by this meteoric farce it’s obvious GT couldn’t give a flying f about ‘ordinary’ shareholders :((
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