I guess they cant raise any more money from comvita? cause that would mean when the convertibles convert they would be over 20% have to launch a takeover?
anyway seadragon was never going to be a pot of gold because they the manufacturer, the gold was always the finished product coming from comvita.
guess cheap takeover for comvita if sea dragon go bust if the convertible are debt related they could end up owning the company from receivership thru a debt restructuring like private equitys do?
so what camp ya in ? bust for sea dragon or survive for sea dragon
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