Ann: Partial Conversion of Convertible Bonds and Appendix 3B, page-36

to all those that seem to think I have a math problem  The conversion

Rate is fixed at 0.75

"On and from the effective date the Conversion Amount is fixed at US$1 = A$(1 / 0.75)."  I know it is now .80 and I even posted that it went over .8 for the first time since April 2015  few days ago.

If you want to verify it go to
https://www.lynascorp.com/Shared Do...026 Amendments to Debt Facilities 1609212.pdf

There are no page numbers but it is on PDF page 5 of my PDF viewer.  

I find it interesting all this talk about how I spell"  bond" and  what exchange rate to use.   Yet not one comment if you believe recent activity is all Fortress.   Not one comment if this could be tax planning.   Or maybe Softbank wanting to control a major block of stock. Maybe just an accendtal coincidence.  which at least AUS claimed when I posted the remaining 18M of 3.8 options   were Fortress.  

Does anybody even have a clue about the effect on the stock price if Fortress is planning to sell stock obtained in conversion vs build up the biggest block of voting shares. I will not send you to 2016 annual report to see what other major holders there are and how many shares they have because we should have the 2017 report shortly. If they sell then stock goes down dramatically and I am not referring to yesterdays 2 cent loss  until we have more data it might just be a blip. If they do not sell then they become the largest voting block several times over and that is enough to control the company.  


I will leave you to your spell checkers and deciding if it is .75 or .8