Any positive deal just got alot dearer if shares were part of the deal, not to mention the cash needs to be raised and vwap for the previous month was at 28c, where is it now. It will be good for their go to list of sophisticated insiders if it happens, but not as good (if it is any good) for the run of the mill holder, unless something changes.
As con notes terms were approved by shareholders, I severely doubt conversion would be insider trading. They actually have said they are looking at acquisitions for quite some time. It is more surprising they have made none. Non conversion indicates more a lack of faith they have in their own ability to add value at the current market cap, or at least that is the optics. In the absence of anything contrary, perception equals reality.
cheers
VOR Price at posting:
19.5¢ Sentiment: Hold Disclosure: Held
