Benchmark (Bahamas) may move to raise additional capital via private placement if it remains in the negative net worth “danger zone” approaching 2011 year-end, following its $1.65 million net loss for the first nine months.
Pledging that the BISX-listed investment company would “not lay down and play dead”, Julian Brown, its president and chief executive, said that among the company’s options was an upward revaluation to its Carmichael Road Commercial Centre real estate development, as he acknowledged that slipping into negative equity would “be disastrous”.
