@Vapor did observe: Great news, minimal dilution and now a clear runway.
Hmmm: so they get $1,350,000 allocation of shares at $22.91 - a little under 60,000 AVR, and take the remainder of their stake in convertible notes, also $1,350,000, in cash?
I suppose that's a textbook case of a bob each way. A 10% discount worth having, but not worth having it all.
So logically, with this liability off the books, the runway should be clearer.
Logically.
Fun times I guess.
(don't hold, sold out a while ago for imperative liquidity in Real Life. Trying to gather pennies to re-enter.)
Ann: Third Conversion of Securities - Mercer, page-3
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$6.27 |
Change
0.360(6.09%) |
Mkt cap ! $97.17M | |||
| Open | High | Low | Value | Volume |
| $5.93 | $6.30 | $5.91 | $107.9K | 17.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | $6.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.27 | 200 | 1 |
View Market Depth
| Last trade - 15.42pm 27/06/2025 (20 minute delay) ? |
| AVR (ASX) Chart |