kentwang said:
"At the moment I see no value in FML exercising the convertible notes and options, it being better to keep the $13m in play, especially in a failed takeover scenario they could pick up even more CRE shares by converting at a later date after the CRE share price has plummeted..."
kent, the notes convert into CRE shares @ a price of 5c. If CRE's SP plummeted, there would be no value in the notes? The value in the notes is if the SP stays over 5c, yes?
boydie, I had a situation like yours, except you made 50%, and I came out even. :D However, in assessing CRE shares to buy now, it's an interesting one. Since the CRE buyer has gone, I reckon there'll be vultures circling, seeking blood as the remaining CRE holders seek to exit. As there's only a small amount of time before an outcome occurs re CRE, I'd be weorriedabout getting caught in, with buyers asking for less and less.
If you do go in, good luck. :) It's all a mystery bag right now!
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.68M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14023 | 11.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 161000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.110 |
2 | 7871 | 0.105 |
1 | 20000 | 0.090 |
1 | 208058 | 0.080 |
1 | 35000 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 161000 | 2 |
0.140 | 54476 | 2 |
0.145 | 61700 | 4 |
0.150 | 54554 | 2 |
0.160 | 11109 | 2 |
Last trade - 10.02am 08/08/2024 (20 minute delay) ? |
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