TGS 0.00% 4.9¢ tiger resources limited

Ann: Proposed Debt Structure, page-15

  1. 2,429 Posts.
    lightbulb Created with Sketch. 48
    Thanks TG.
    Well I think he/she makes a lot of sense (from what I could understand from the uber translation!)
    This plan is a disgrace for us ordinary shareholders.
    There are still a few hoops for them jump through though such as the IFC agreeing to it. For what it's worth I'm writing to the IFC imploring them to not agree to the deal. I can only hope everyone has/will do the same. I don't hold out hope but what is there to lose.
    I simply read this whole restructure as a BS debt to equity swap with some made up share price figure.
    I mean how do they even arrive at such a number?
 
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