AZU azurn international limited

woops! have a look at that interim report!, page-2

  1. 780 Posts.
    But wait, there's more!
    There is a Convertible Note in the Accounts with a face value of $6.8M.
    The interest rate on the Notes (see note 8 (a)) is between 20.5% and 50%.
    The Company only raised $1.136 M (see Subsequent events) which begs the question, how much of the Convertible Notes are outstanding.

    Also note, the capital raising costs total $1.441M (see Note 10)

    Well, at least they disclosed that there was negative NTA of $0.1246 per share prior to listing, the question now is what is the NTA post listing?

    This is great!
 
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Currently unlisted public company.

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