AJX 5.00% 1.1¢ alexium international group limited

Ann: Letter to Shareholders - Upcoming EGM, page-229

  1. 407 Posts.
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    I thought it was quite clear that they would only get “the farm” in the case of bankruptcy. Debtors always get the farm in that case anyway.
    Even if they converted the shares (again, at 35c at this point), they would not have control of the company, not even close. As for interest rate, seems appropriate for a pre-profit company like AJX?
    Sorry Jaiwolf, I don’t understand how the loan terms would make you take “AJX off your watchlist”?
 
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