So let me get this straight - the "no" vote - is based on principal only and risks large financial loss;
+ Refinancing current Macquarie debt of $84m
+ Financing a further $40m of capex
Equity raisings in the past have failed, let alone for this quantum. Could CTP raise these funds even at a 1:1 rights issue at 10c?
I'd hate to see another Nexus (where Stokes bought from receivers and shareholder lost everything)
http://www.theaustralian.com.au/bus...y/news-story/9b5489efe4668531e1afd11ff74d9ecc
It might not be fair, but when you're cornered pride might not lead to the best outcome...
Why are people voting against CTP?, page-15
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