RE: Define: deleveraging26 Aug 2022 14:40
Hi sharebel, I cannot for the life of me see why you are positive about this.
Let's just look at the options here,
First they go bust because they cannot pay off debt. outcome you lose.
Second they raise more money to stay in business which they have already pointed out. Now this can happen over the next few days/weeks.
Outcome in their own words this will wipe out all current shareholders because there will have to be billions of new shares plus a consolidation , which will end up with new owners and maybe a new SP of 50p-£1 but you will have to buy these new shares if you want to be part of the new company. You lose.
If you think there is another outcome perhapps you can tell us all who have seen this happen many times before with many other companies.