RE: Consolidation Required12 May 2020 16:40
Would not be as bearish! The Rights Issue was essential BUT not a 4:1 issue. It simply flooded the market with shares!
I you believe that AML is bankrupt then the same can be said to IAG with its planes on the tarmac, staff furloughed and debt of over 5bn when last checked.
Anyway the cash is in and losses are being controlled as best possible. There will be no further tin rattle in this case!