Q. I respect you being able to say anything that you like on this forum, but, let's stick to the facts shall we.
You and Oztrader are FUNDAMENTALLY WRONG with your assessment of Convertible Notes.
You have TOTALLY IGNORED the FACT that Crowd Mobile has effectively only been going for 7 months, a START UP COMPANY!!!
CN's are realistically the BEST way for start up companies to get finance quickly and simply!!
AND, with this particular one, management has stated that they have every intention to repay the notes with cash from earnings and to keep any issue of shares to an absolute minimum, if any at all.
This is from Rule 101 for starting up a new company.
Why use a convertible note?
Valuing an early stage startup is difficult. Negotiating a valuation with investors is time consuming and often leads to deals falling through. By raising capital through a convertible note, a startup can delay valuing the business until more data is available and the size of the raise warrants a thorough negotiation process.
Secondly, convertible notes are usually relatively simple documents. By using market standard documentation, both the startup and its investors can avoid spending large amounts of money on lawyers to draft and negotiate the documentation.
And all of the time that has been saved by this process has also significantly reduced our interest bill, nearly halved!! Hey, and didn't they get A$16.12 million!!!!! Some lack of confidence there??? Hmm.
WIN/WIN for mine!!!!!!!!
- Forums
- ASX - By Stock
- UNT
- Ann: Notice of Extraordinary General Meeting/Proxy Form-CM8.AX
Ann: Notice of Extraordinary General Meeting/Proxy Form-CM8.AX, page-74
-
- There are more pages in this discussion • 100 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNT (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.6¢ |
Change
-0.001(5.88%) |
Mkt cap ! $19.66M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.6¢ | $48.65K | 2.999M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 129372 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 180000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 39372 | 0.016 |
16 | 3051999 | 0.015 |
9 | 2965510 | 0.014 |
7 | 3274277 | 0.013 |
6 | 2525000 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 180000 | 2 |
0.018 | 1134999 | 5 |
0.019 | 1195000 | 5 |
0.020 | 1643313 | 5 |
0.021 | 1078272 | 5 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
Featured News
UNT (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, Managing Director & CEO
Charles Armstrong
Managing Director & CEO
SPONSORED BY The Market Online