BLV 0.00% 1.6¢ blossomvale holdings ltd

why the big discount

  1. 2,382 Posts.
    What I don't understand is why they are selling the shares at $0.08? The only need to payout the short term NAB facility and the earn outs, $25m or so, not $80m.

    If they also intend to pay out all of the debt what is the reason for it? Is NAB forcing them to do it? I don't recall management saying there were any issues in relation to the long term facilities.

    I think the discount is an absolute joke. I would rather have this company go bust than get diluted and let Lange and co keep running the show. If he doesn't take a pay cut or resign then the shareholders need to force him to do so.
 
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