The Convertible Note broken down, page-18

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Aussiekev

372 Posts.

17/10/17

09:41

Post #: 27954243
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Originally posted by ozemania ↑

Hard to say if this is all completely built into the price. I don't think the current price even has the true ruby value built in yet, let alone anything else.

Most estimates of MC (such as @wombat777's workings) take into account an estimated dilution for the remaining CN, but until they convert each note we wont know exactly what the final dilution figure is. Safe to say, as the days go by and the price goes up, remaining conversions will be less and less dilutive.

It is also assumed that all the options will be taken up since the SP is now higher than the exercise price for each batch. While this will add 65mil shares to the register, it will also add another $5.5mil to the bank account when they exercise them

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Thanks for the reply.

Good to know that a lot of the assumptions have taken into account most if not all the dilution.

I am lazy and cant be bothered digging but there were some exercised yesterday wasnt there?
Is it possible that this led to the pull down on the price after it touched its highs? People added in a dilution cost to their price valuations?

MUS Price at posting: 18.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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The Convertible Note broken down, page-18

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