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@jwd222 There could be an equity swap exchanged for a predetermined amount of debt and loaning of securities at very unfavourable terms. When the CINE buck stops and you're out of options that's when further placements materialise.
I'm expecting an equity raise with further dilution now rather than a slap in the face later on.
No I am afraid dilution will be the last thing on Mookys list. The mention of an equity raise was made purely and simply to reassure their loan providers that debts will be repaid. The market seems convinced as the SP has stabilised.
What wilthey do how will they raise more liquidity if needed
One would expect dilution through new placing, and/or convertible notes (exchange of debt) with what I assume won't be very favourable terms.
Jwd222
They won't at this level. If they ever at these prices, the most they could sell their rights issue would be at 25p per share
and only to their major shareholders and the stock would hardly be diluted as the share will get picked up as soon as they drop once the rights issues would be fully implemented. So, most likely they won't take the rights issues route. NoFear
No no dilution mate.. that’s a worse case basically with cinema not open around the globe
They have put in place everything they need to see them through I believe a year (I’m not able to
Copy the presentation for exact dates atm so someone might help u on that)
That could be in many ways, but in the end if there will be issue with the other ways to gain liquidity and covid rise again dilution is an unlikely option but it is one...
Heart broken by the results I always thought it was a good stock in this time as it is safe for covid but ppl still are scared already big in red and with news of dilution and bankruptcy.
Can someone explain can they do a dilution at this cheap Share price or will they raise liquidity from somewhere else