CKA 1.04% 9.5¢ cokal limited

Ann: Conversion of Balance of Platinum Debt to Royalty, page-121

  1. 29 Posts.
    lightbulb Created with Sketch. 5
    With reduced immediate debt burden and extension of runway of liability (or royalty), it does reduce the equity convexity (upwards) for each FCF the company receives, but just ever so slightly. This is a mathematical outcome.
 
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