kianguan : I read somewhere that they are fundamentally weak. Had been loss making since before covid19 and his having a huge debt.So likely banks are not lending and so they had to rights issue.But they cannot keep issuing rights. So it's on the way into oblivion.
Sg-Jin : Why no take bank loan ? Issue rights dilute shareholders in cents level not good.
kianguan Sg-Jin : I'm guessing their debt is too high for any lenders to lend more.
kianguan : I read somewhere that they are fundamentally weak. Had been loss making since before covid19 and his having a huge debt.
So likely banks are not lending and so they had to rights issue.
But they cannot keep issuing rights. So it's on the way into oblivion.
Sg-Jin : Why no take bank loan ? Issue rights dilute shareholders in cents level not good.
kianguan Sg-Jin : I'm guessing their debt is too high for any lenders to lend more.