PYC pyc therapeutics limited

capital raising and horse trading, page-3

  1. SoT
    858 Posts.
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    In the last Annual Report, it shows that there are actually convertible notes on issue with a face value of $1,340,000 maturing on 30 April 2011.
    Prior to the maturity date, the total number of notes are redeemable by PYC by payment of $1,675.000, and are convertible by the noteholders at 5c/share. On the maturity date the notes automatically convert to 33,500,000 shares at 4c/share.

    These details were also in an earlier post by chinesewhispers.
    ST


 
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