AMG had a convertible note worth $200k plus interest which they demanded payment for, with payment eventually forthcoming
My question is why, if AMG were serious with taking control of the board, wouldn't they have converted that note to equity, giving them more than enough votes to take control?
Or were AMG more interested in trying to take down niu as a secured creditor to obtain assets for peanuts ?
- Forums
- ASX - By Stock
- NIU
- Ann: Dispatch of Offer Document
Ann: Dispatch of Offer Document, page-5
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NIU (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online