Ann: Notice of Extraordinary General Meeting/Proxy Form-CM8.AX, page-55

Reply from management.

Some thoughts from me, taken from the reply I received.

Crowd mobile has SOLE (as in not JGB) option to pay monthly in either cash or equity.

The companies intention is to treat this facility like a principle and interest bank loan (cash payments)

IF CROWD MOBILE decided to service the loan with monthly equity payments, it would use vwap rule as per EGM notes.
Payment via equity with a low share price makes no corporate sense so is unlikely.

JGB has option to convert into equity at a price 30% above as at date of EGM.

Belief that price would need to be materially above the 30% premium number for JGB to consider converting plus sufficient daily volume to justify risk, hence the 20% rule.

These are all my words. So....

As we know there will be a webinar held next week with CEO and CFO, all shareholders are encouraged to ask question about the proposed facility.


Obviously I'm very interested in some of the quality posters on this thread thoughts and hope they continue to post.
I however need to leave this thread (again, sheesh) before my girl finds a more successful man in the glitz of Cannes. (Not hard at this stage lol)

Will stop in after webinar, and hopefully there are more Bulls about.
Happy trading!

Thanks.