RE:Told you they were buyingSoem friend was bailing out and Desmond took him out before it brought the share price down to the mid twenties. They are not out of trouble yet.
They just got a six month extension on the loan facility to march 2022. The bonds are also coming due. This is what the board had to say on this subject.
"The Board has received the recommendations and findings of the Independent Directors, and Mr. Jonathan Comerford and Mr. Brett Desmond having declared conflicts of interest and not attending any part of any meeting where the Transaction was discussed and not voting on the Transaction, have unanimously found that that the Company is in serious financial difficulty and that the Transaction is designed to improve the financial position of the Company, and that Section 5.5(f) of National Instrument 61-101 – Protection of Minority Shareholders in Special Transactions ("MI 61-101") is not applicable, and approved the Transaction."
Don't get toexcited diamond boy.