ADY
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0.00% 0.7¢ admiralty resources nl.

milestones for 07, page-12

  1. SilentPartnr
    2,180 Posts.
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    07/05/07
    19:30
    Post #: 2426855
    Actually 36.6 M options and the conversion of convertable notes into 196M shares. The $19.6 proceeds for the convertable notes would have been received by ADY when the notes were originally issued.
    As far as ADY is concerned this transaction represents their conversion from dept to equity. The exercise of the 36.6 M options represents an additional $3.6 M to ADY.

    Regards

    SP
    ADY Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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0.7¢ 		Change
0.000(0.00%) 		Mkt cap ! $11.40M
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0.7¢ 0.7¢ 0.7¢ $1.75K 250K

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