Have a look at the Conversion Terms, particularly the clause "ii)", and then compare asymetry of the range of options given to the Note holder to YOUR irrevocable commitment of the capital.
I believe that, particularly the part of that clause referring to the "lowest 5 daily VWAP’s in the 15 trading days prior to conversion", clearly shows who was in a position of strenght in the negotiations of those terms. Sure like hell it was not AAU.
Ann: ANTILLES GOLD ARRANGES UP TO $3M OF CONVERTIBLE LOAN NOTES, page-27
Add AAU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.845M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $85.43K | 21.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 9270529 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 7627000 | 9 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| AAU (ASX) Chart |