CCE carnegie clean energy limited

Ann: TAG: EMC Acquisition advances with new terms, page-3

  1. 932 Posts.
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    No doubt the devil will be in the detail, but my opinion is that this is a far superior deal to the previous one.


    CCE immediately ~$3.5m better off in cash flow terms (whether we actually have the cash is another matter...), and less dilution for TAG, but the standout for me is that CCE get to be a latent substantial holder in TAG (subject to converting the notes) in which case CCE should be in for some dividends somewhere down the track assuming a combined EMC/TAG entity actually is profitable.


    Now I wonder exactly what the terms of the convertible notes will be....  coupon rate, conversion price etc etc confused.png ???

 
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