The first tranche of money might be issued whilst the price is 1.1c but the conversion price is calculated at the time the note holder decides to convert. For example, if he decides to convert when the price is 0.009 then the discounted price is 0.0072. See the following:
http://www.investopedia.com/terms/d/deathspiral.asp
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $24.44M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.4¢ | $64.94K | 4.355M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 2665268 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 167257 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 503067 | 0.016 |
17 | 3265268 | 0.014 |
18 | 4194316 | 0.013 |
10 | 1452223 | 0.012 |
3 | 276500 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 5632145 | 5 |
0.017 | 2628604 | 12 |
0.018 | 3988509 | 13 |
0.019 | 1455388 | 4 |
0.020 | 883723 | 6 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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WCN (ASX) Chart |