Hi Yes I think so I expect something good to come at the AGM on the 30th of this month . The NLXRAs are by far the better value and as I see it Monday is the last day of trading in them the NLXRAS and the NLXR For those who are not sure . The NLXR are a right to a share at 4.3 cents and also included is an option to buy a Nylex share at 4.6 cents in 2009 The NLXRAs are a right to buy a Convertable Note at 4.6 cents this also includes an option to buy a share at 4.6 cents in 2009 The convertable Note will pay interest at the rate of 10 percent part of which will be deferred for the first year . The shares convertable notes and options will be consolidated on a 1 share for every 40 shares held This requires shareholder approval I hope this helps DYOR as I have a good holding of Convertable Notes Cheers Towie
- Forums
- ASX - By Stock
- NLX
- not exciting
not exciting, page-20
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)