BRL 4.79% 69.5¢ bathurst resources limited.

Ann: Conversion of Redeemable Convertible Preference Shares, page-71

  1. 3,201 Posts.
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    I am not buying into the companies likely line they will present to shareholders at the AGM.
    This will come in the form of return on risk the RCPS holders took on.
    That's a complete load of shit as they got their money back plus interest if the deal did not happen. and there is also a high interest rate attached to the RCPS money.
    No Vaseline used on this shafting.
    Still pissed as I am sure you can all tell.
    Not to mention no mention on the one off 10 days notice to redeem some other convertable notes that fell due yesterday.
    Obviously snakey management have let them become convertibles as well for their buddies.
    Surely this of material interest and should have been announced to the markets.
    Another no vaseline job for retail holders to deal with
 
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