How much more dilution for restructuring debt again?How much more dilution can shareholders expect from the new restructuring of debt to extend the due date to 2024?
Could the debt extension restructuring be a good reason why the share price is at 0.095 for a company that makes 220 million $ a year.
The debt holders already took the company the first time in restructuring and now they will do it again by squeezing out the shareholders even more. Even if the debt holders have shares, they converted some to keep control. With the rest of the debt they own, they will restructure again to get back what they lose on the shares side by being issued more shares for debt conversion than they are getting now.
This stock is doing poorly because management doesn't know how to structure debt payback properly without causing default. They could be doing it on purpose by putting agressive debt due dates so they can keep taking over the company in restructuring to get out the shareholders.
It is either management is doing it on purpose to have agressive due dates for debt to cause defaults or management is not educated at all in running a company and managing debt.