To me it seems from the announcement dated 13 Oct 2009, where the number of Convertible Notes over which QVT has an option to subscribe has been increased from 1,900,000 up to 3,000,000 and the date by which QVT’s option to subscribe for convertible must be exercised has been extended from30 September 2009 to 31 December 2009 coupled with the 175,000 and the further 133,000 put in by Sydcomp Pty Limited says there is some major push behind the curtain.
The scratching away at small parcel cap raising is probably the least dilutive method till the money flows bearing in mind the Anixter deal is quite possibly on 90 day terms. And may not even be invoiced until a second restocking order is called upon (not so silly as it allows us to use Anixters supply chain system rather than ours) who knows (not me).
Any way the point I’m Futzing around is that there may be a chance for other small investors that still have a bit of freeboard to get in on the convertible notes through the Resurgence Fund (Why not phone or email the company and find out).
For me I’m bailing with one hand paddling with the other, closing my eyes and hoping for a miracle.
Perhaps TZL is that miracle; I certainly have faith in it as a sound vessel.
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1 | 170000 | 0.030 |
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Price($) | Vol. | No. |
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