As a shareholder you do lose when the notes convert to shares. Instead of the converting note holder paying money to convert , if the dividends are maintained at 30c per six months , the company will pay converting note holder to convert. In addition during the next 4.5 years the Note Holder gets interest as well. Who ever are the Note Holders these holders are sitting on gold not coal. No related party to NHC appear to have lodged any document with the Company and the ASX as being a holder of Notes. That suggests no SOL related company is a holder of Notes. So who would benefit from buying these gems ?
NHC Price at posting:
$3.49 Sentiment: Buy Disclosure: Not Held
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