But offer has disappeared on the bonds...
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As most shareholders cannot exit, it does not matter how the share price changes for capital raising.
if they do a cap raise it mean it be trading penny stock status , they would have to issue over a billions of shares to wipe debt out. not happening. even a billion shares at 20c is only 200m raise hardly going to help even with a 130m loan.
still have couple hundred + debt on falling revenue
wouldnt surprise me if bright and a2 talking about the carcas
no not at all SR; sadly, I got in on SAMR news (which was +ve, & could've/should've been the point to undertake a CR) & out again a few months later at a loss. allocated funds elsewhere & now just an observer; with a side-interest via ATM. didn't mean to downramp; just calling it how I see it!
[QUOTE=bull....;1055306]if they do a cap raise it mean it be trading penny stock status , they would have to issue over a billions of shares to wipe debt out. not happening. even a billion shares at 20c is only 200m raise hardly going to help even with a 130m loan.
still have couple hundred + debt on falling revenue
What you are saying is right…so one has to think that Bright are either going to take it over, or take it over in a JV with A2,
Because a CR at these values does not make sense surely?
Letting it go to receivers would be a risk to both Bright and A2 so I don’t really see that happening…but letting the SP take a hammering in order to soften the market up for a low takeover offer seems plausible,