RE: Ltd7 Jan 2019 15:00
Its a fine balance, and I am not invested as heavily as previously, but have picked up 1.67million+. The price has stabilised , and whilst I did profit at times by trading between .7 and 1.2, those wild swings have notably run out of steam and the news flow has been better. There was (is) iMHO still a tendency to over state the bond conversion, which although undeniably a good balance sheet exercise, is just exchanging one form of equity for another.
However it was still a good piece of work and I await the new holdings information to see if there is any indication as to who converted those bonds, or if we have a new major shareholder. The loans extension date being very short, suggests that there is likely to be some kind of major piece of news imminently. We'll see!