So the price on August 1, 2016 (EGM day) is key and could set the minimum benchmark if the price is say $0.10 then the price with 30% premium would be fixed at $0.13.
If the price subsequently hits $0.30 the premium price of $0.13 would stick. I guess if this were to happen then CM8 would be better off issuing to market than to note holder if unable to pay in cash.
Will be in best interests of company and holders to see a higher price on August 1 and therefore a bit of PR from Dom may be required prior to EGM.
Ann: Notice of Extraordinary General Meeting/Proxy Form-CM8.AX, page-67
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1.9¢ |
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Mkt cap ! $23.32M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $17.56K | 917.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1870605 | 1.9¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 497017 | 6 |
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| UNT (ASX) Chart |