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I did warn everyone on here about the debt situation and the possibility of D4E but just received insults, don't forget that all important 11.23 % shares in the hands of short trade institutions also.
11.23% shares in the hands of short trade institution's, they have a strangle hold on petrofac and will not reduce until petrofac gain control of their financial obligations which does not appear to be happening, no news is bad news.
They have already finalised the next raise of cash for issue of new shares, unfortunately the price for those shares is a lot lower than the current share price, you will all find out when the next RNS is released in three or four weeks time when the share price will be between 0.5 and 0.6p
Just keep on kicking that debt can down the road and put your rose tinted specs on, interest rates staying high and this lot couldn’t sort out their debt when interest rates were low, sorry but I can only see this getting worse from here on, bored posting here now and have a busy day ahead, some of use have lives to live…bye