If existing shareholders get 5% of our existing holding after the payment of unsecured creditors. I think this means, if we have 100 shares at 1 pence each we will soon have Less than 5 shares valued at 1 pence. i.e. a +95% loss.
If so buying this share at current prices before the restructuring takes place is nuts. It seems that paying 1 pence now is the same as paying + 20 pence a share (after the restructuring the shares you own will be devalued by plus 95%)
If this is not correct can someone please explain the reality to me?
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