Hi asf,
No, conversion price can be lower than 5c if the average CRE share price over the 5 days preceeding conversion falls below 5.9c (eg if the 5 day average CRE share price before conversion is 5.5c then FML converts at 4.7c).
Am going back to find the original agreement in the pile of documentation to see how this is structured in terms of the number of shares issued.
Will come back on this.
takeover situation, page-12
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FML (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.84M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9159 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 10.38am 15/10/2024 (20 minute delay) ? |
| FML (ASX) Chart |
Day chart unavailable