Hmmm, so it appears they can pick the five lowest day's VWAP out of 20 days, average those and then take 5% off that and then round down. Sounds easy to manipulate to me in a very illiquid stock such as this. Don't need to short, just sell some of what they have - and very few at that. But I am a rather simple person and JulieM will remind me of how intellectually retarded I am, I shouldn't play with the stock market and I should go and sell....so apologies in advance for my stupidity and lack of understanding in how great this is
From the ann:
Purchase Price will reset to the average of the five daily volume-weighted average prices selected by the Investor during the 20 consecutive trading days immediately prior to the date of the Investor’s notice to issue shares, less a 5% discount (or a 7.5% discount if the Subscription Shares are issued after the first anniversary of the initial placement) (rounded down to the nearest one tenth of a cent if the share price is at 10 cents or below
AIMHO, Not financial advice, wipe in a straight line
Cheers and Merry Christmas to all
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