oceania hold convertible notes and bought in at around 80c a share,its nice saying they wont get more than 5c a share but is the note issued convertible to shares,now that would change the slant considerably,and are there any other note holders and what might the conditions be.
one thing is certain a growth company that certainly got hammered by the gfc,dont get to excited this will all be in the fine print,oceania formerly aep are not renowned for gifting
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