If alll debt are converted to equity then any profits will be dividends which will do wondewr for share price and every holders would get the benefit. The debt holders will get the major of any dividends anyway. Instead the current debt weight is pulling the company under.
At current sp debt equity swap would give the debt holder almost 95% of the total share and therefore 95% of the dividends which is currently being used to pay debt (and with struggles) anyway.
If alll debt are converted to equity then any profits will be...
Add AJL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.88M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 83333 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 90800 | 1 |
View Market Depth
| Last trade - 16.12pm 03/05/2024 (20 minute delay) ? |
| AJL (ASX) Chart |
Day chart unavailable