What I am disappointed in are the terms of the drawdown.
BTH is paying 12%, which is high already. I understand it is a riskier profile but still fill like they could have found a lower than 12% especially given they are also providing the options.
second part is the option deal at the lower of $0.50 or the 10 day FUTURE VWAP!
straight incentive to drive price down over next 10 days, which was started today.
Combine those two above and it is a VERY expensive (close to uncompetitive commercial loan).
I believe in the company but just disappointed with the structure of the deal.
open to thoughts?
Ann: Business Update, page-28
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $143.7M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.5¢ | $109.4K | 617.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1675730 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 2239067 | 35 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BTH (ASX) Chart |