Ann: $520,000 Convertible Note Subscription Secured, page-23

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Cbrad

881 Posts.

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31/12/19

10:42

Post #: 42173521
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Originally posted by gottalove ↑

Gents.

Please have a rational conversation in your heads and ask yourselves honestly and genuinely the following questions:

1) Given what's happened, do you really think the board would've been able to convince 'friendlies', to fork out $520,000.....yes five hundred and twenty thousand dollars....unless there was a VERY convincing reason to do so.

2) Given what's happened, do you really think the board would've been able to convince 'friendlies', to fork out $520,000.....yes five hundred and twenty thousand dollars....unless there was a VERY convincing reason to do so.

3) Given what's happened, do you really think the board would've been able to convince 'friendlies', to fork out $520,000.....yes five hundred and twenty thousand dollars....unless there was a VERY convincing reason to do so.

4) Given what's happened, do you really think the board would've been able to convince 'friendlies', to fork out $520,000.....yes five hundred and twenty thousand dollars....unless there was a VERY convincing reason to do so.

Now keep in mind that I'm hurting just as much as all of us here, but to say they'll just use this money to shove their snouts in the trough?
Please.

Expand

If JKA fail to recomply to ASX requirements the "friendies" net 12% interest. If JKA do recomply then "friendlies" possibly grab 100% return plus 12%...
There absolutely is a very good reason and a win/win for the convertible note holders. Zero risk. IMO...

Now hopefully there is something in it for long suffering share holders too...

JKA Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
8 Upvote

0 Great analysis

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Ann: $520,000 Convertible Note Subscription Secured, page-23

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