That means there's no floor in the conversion price.
Given that the con-notes can convert for 7.5c and post consolidation the shares are theoretically worth 15c, the con-note holders can convert and dump immediately on consolidation and make some profit on the way down.
Ann: Capital Raising and Social Media Post, page-4
Add CLZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
-0.001(50.0%) |
Mkt cap ! $808.3K | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $26.54K | 25.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 186 | 364698780 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 68985448 | 12 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| CLZ (ASX) Chart |