Mlima co june 2013

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May 13, 2018 at 1:08 pm #451656
hj
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Sir can u please clarify few things in this question :
The question only mentions that 20 % will be offered to public so how does it equal to offering shares at a ‘discount’ ??
also sir if u can just give me a rough picture of what equity for debt swap is and what are we doing in part aiii of this question?
Thanks alot!
May 13, 2018 at 9:00 pm #451736
John Moffat
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The question says (in the paragraph immediately above ‘financial information’) that the shares will be issued at a discount.
An equity for debt swap is where you give lenders shares in return for the debt to them being cancelled.
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