Wrong. Read the announcement again.
Disclaimer - my maths below is very rough but will be in the ballpark so should be good enough to illustrate the point.
Conversion price will be roughly 11.5c (25% discount on 5 day VWAP) depending on how far they can push the price down in the next 3 trading days. At this price a maximum of 22M shares will be issued at maturity (including those issued as interest incentive). Current SOI is approximately 189M, meaning it will be diluted by about 12%, certainly NOT 100%.
I have no doubt that Dave and co thought we would be much higher at conversion than we are which is disappointing for sure. And the low volume interest we've had for the last month or two has allowed those with vested interests in the note conversion price (outside of HMD management) to "give the boulder a nudge".
Important that people playing the game at this end of town understand all of the scenarios that can be played.
- Forums
- ASX - By Stock
- HMD
- RHC takeover effects
RHC takeover effects, page-9
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HMD (ASX) to my watchlist
|
|||||
Last
2.0¢ |
Change
-0.003(13.0%) |
Mkt cap ! $12.66M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.0¢ | $11.38K | 540K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 168947 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 54362 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 168947 | 0.019 |
2 | 537411 | 0.018 |
1 | 18311 | 0.017 |
2 | 2000000 | 0.016 |
2 | 3500000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 54362 | 1 |
0.021 | 238564 | 5 |
0.023 | 91357 | 1 |
0.024 | 150000 | 1 |
0.025 | 108565 | 2 |
Last trade - 11.28am 23/07/2024 (20 minute delay) ? |
Featured News
HMD (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online