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23,077 Posts.
827
24/02/12
11:33
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If you were a note holder would you extened?
I'm not sure they can any way without shareholder approval.
If I were a note holder that is to receive 8%? return on my $50k investment would I want to see it at a bit above bank interest again?
Is the compny at risk of going into receivership and me not getting my money back let alone a return on my investment?
If I felt confident in the company I would cash out my note and invest directly in the shares.
This problem the company will have is if many of the note holders do cash in then the company is basically broke. So do you stay or do you go?
I am thinking many note holders would be investors at 17c cap raising and not to optimistic about the future.
I think at least half of the notes will be cashed in and those that aren't will have a tie into Cygnet.
Hopefully we can afford it. Better to be paying 8 or 10% than going under but I wonder how many note holders actually care anymore?
I guess we should know within a week.
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