bank covenant

2403 days ago

Nighthawk - breaches bank covenant, can't repay debt - surely its an equity wipeout?

Shares in Nighthawk Energy (HAWK) are off by 40% today at 0.225p but that still values the company at £2.17 million. For a company that looks utterly screwed that is surely far too high? About £2.17 million too high.

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