RE: broker rating 90p grab a bag9 Sep 2020 16:41
Yea, I’m not saying it isn’t, as I said the other day even if equity gets wiped out and is left with 10% of the enlarged company you are looking at multiples of current sp.
an Easy option for the creditors would be to convert 50% of the debt as stock, then Let that stock Rerate to double of issue price, squares them up on paper with lots of Potential Liquid upside for them
That is unless they want to take control of the whole asset.