"The Placement pricing represents a 3.1% discount to the volume-weighted average price over the previous fifteen days on which trades were recorded (not including today’s trading, or a 16.3% discount if including today’s trading)."
It was calculated over 15 days prior. A mere 3% discount seems to me extremely reasonable.
The options are exercisable Dec 2027 at 7.5 c. That means income then , too, upon the exercise of options, and if I am not completely wrong in my calculations, more than the double the price of the shares currently.
Further, any debt can be convertible into shares at a future date and is probably a blip on the radar.
I think this is good, not bad, but thank you for highlighting it through your misguided exclamations.
Cheers!
IFG Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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