Debt for Equity.28 Sep 2024 14:09
Got to be about 1 pence or so. Its tempting to buy the shares at 5.pence after a 75% fall on Monday, but that would be premature, as on the actual announcement and terms they call fall another 75% after that. There could be a premium in the share price for those who participate in the rights issues. My guess is a 2 pence share price with bond holders exchanging debt for equity at about 1.pence. The same level of the rights issue. The shares being basically worthless and the shares holders being significantly diluted.