price by christmas, page-51

""As of 29th October 2009 the note was amended to be simply a 10% discount of the average volumeweighted
average price of ordinary shares in the Company for a period of 5 consecutive business days
during a specified period ending on the date immediately prior to the relevant repayment date"

It seems I, and a few others it seems, may have misunderstood this to mean the days of the 7.43c placements were behind us, and that Springtree would only be issued more shares at 10% discount of the vwap?""

Wisdom

Example only

Repayment date is Monday the 9th.
The 5 business days prior were Monday the 2nd to Friday the 6th.
Assuming the vwap was 17cents for those 5 days.
17 cents less 10% discount = is 15.3 cents.
The repayment amount for each period is $700,000
700,000/.153 = 4575163

Prima should have issued 4,575,163 shares @ 15.3 cents, a far better outcome than issuing 9,421,265 @ 7.43 cents.

The note was amended on the 29th prior to the 5 vwap days.

Is this an admintrative error?????????????

Maybe a shareholder could email/ring Marty. Cheers