RE: RRR : Spread 0.5 & 0.61 Aug 2024 14:17
News Bothero holds both so his loan ranks pari passu above his shares.
He's unlikely to want to lose on his shares so when and if he chooses to call in his loan or others do it will be on his terms.
He holds all the aces and Bell none.
The high volumes early in the week were most likely sharks / creditors positioning.
They want there loans back, they hold significant control so they swap loans for all assets. The shares are merely an enabler.
Leaving them with everything and you with nothing.
I would expect no more from Helpful and Nike.
Let's hope it doesn't come to that and im wrong but lots or red flags when shares and loans are mixed.