total bollocks. I for one haven't convinced myself that this debt-for-equity deal is good because I'm heavily exposed. I believe it is good because if I was offered equity instead of cash in a company I believed could make me more money than the cash is worth, I would take it. The directors are not stupid, and neither are the Badenhorsts. They think that shares are worth more than their cash equivalent in the long term. That's good enough for me.
Well done on making a profit last time you were in. If this company is so crap, why did you invest in the first place?
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