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If there’s a sale of assets in Feb say 200 divided by share holders will now be more like 60 and whoever paid 2.5 mill now get 140 mill on sale of assets
This is just an example
The company prospects look excellent to me with what’s there the constant fall in share price has brought this situation about.
Nothing has changed with the prospect
I think the London stock exchange could bankrupt the likes of Amazon if it had the chance
20k down
Administration is the only hope to recover some losses while there’s equity in the assets.
Any bond conversations would be a waste at these sp level.
Dilution would probably be around 75% taking all the equity in the asset, hope they don’t attempt this scenario
It’s seems the market makers think the company’s worthless
No money to develop the assets
Lth will be better taking there chances with admin and hopefully someone can takeover
The assets must be worth near on a billion imo
The lender pulling the rug could be a blessing in disguise
We may see the true value of the assets and hopefully a decent outcome
More dilution bond conversions would wipe out any equity left in the assets
Day light robbery