$200M @ $2.10 = 93m shares less $120M(55m shares) raised in Singapore leaves $80M (38M shares) WHSP went guarantor for(up to 75M shares) if the $80 m (38M shares) WHSP invested in the convertible notes is being hedged then thats not uncommon and a separate issue to the cn the conditions set for the notes conversion to shares are a share price of $2.52 to voluntary convert or $2.83 will auto convert and interest ceases - or in 2026 interest i understand with conversion notes is paid in shares so if the wheels fall off nhc will have to issue more than 10M shares in interest - it will work out slightly less than the amount for shareholder approval If we hit the $2.83 will be giggling or may be looking up to 13.8% dilution of investment they're my thoughts countstewart
NHC Price at posting:
$1.86 Sentiment: Hold Disclosure: Held
(20min delay)