My healthcare ingredient contact (operates out of Argentina) says omega 3 supply is a dime a dozen. The industry is moving away from animal sourced to plant sourced anyway.
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Different agendas from other shareholders and one can see how their strategies are unfolding to try and salvage some value.
Both are stuck in there and looking for ways to salvage their investment.
Notice how their convertible notes are renegotiated at ever favorable convertible terms? Comvita's was convertible at 0.008c - now 0.0033c = so instead of 375m shares, now it's 909m shares!
Next rollover (given that the rights issue was a spectacular failure) will see the terms renegotiated to 0.0001c?
Then, Stewart & Comvita will simply take over the company for the useless value of their convertible notes.
Minorities will have nothing left.