JKA
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0.00% 0.3¢ jacka resources limited

suspension time frame...?, page-11

  1. psi81
    6,299 Posts.
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    28/10/13
    10:36
    Post #: 12493692
    So if I'm reading this right... the facility builds up interest at 12% per quarter and then at after 12 months it all gets converted into JKA shares at 11c?

    Is it a forced conversion, or an optional one for the investor? The language is a bit ambiguous. If it's optional and JKA's SP remains at these levels they will want cash and then JKA will need to refinance...
    JKA Price at posting: 6.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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