convertible notes, page-13

Dabru, agree with your sentiments.

Ceroc, welcome to the forum ... I notice it was your 1st post, good one ... keep it coming.

All in all the damage was not too bad today. For most of the day 20c was the bottom, with 19.5c late in the day and a final 19c trade after the close (a 20c seller finishing off the scraps).

A total of 833,074 shares were traded, which represents only a little more than 1% of the new shares, and some of the sellers would have been old shares (e.g. stop losses).

For today at least, Dabru's tip was correct.

The convertible notes holders & their new-found shares haven't gone away, but I think today's results show that they realise the value of the company, which isn't in any way reflected in the current SP. It was also encouraging that so many investors were ready to snap the shares up at 20c (and why not, what a bargain).

Cheers.