Maybe i am telling you to suck eggs. i think you requested a more literal description. here it is:
The con note is debt instrument. Its a loan that must be paid by back by GBZ. GBZ is a business generating negative cashflow and there are no means to payback the loan except through the sale of assets (like White Dam). The positive is that if GBZ is able to build value and appreciate SP (>8.75cents) then the debt issuer has every incentive to convert the loan to shares. In this way the debt instrument becomes more like a typical capital raise.
GBZ is banking on the expectation that the GBZ share price will appreciate (>8.75cents) and trigger conversion of the loan to shares. Its also banking on the imminent sale of White Dam. If the aforementioned do not eventuate then GBZ will be forced to issue shares (and options) to a predatory fancier. This may done in one massive dilutionary block or otherwise in several smaller parcels over time that @bcjk3 refers to as the con note vortex. Once in the vortex the capital structure becomes increasingly poisoned and GBZ becomes an uninvestable turd crowned by chunky golden nugget that is Twin Hills.
- Forums
- ASX - By Stock
- 42 reasons to buy GBZ
Maybe i am telling you to suck eggs. i think you requested a...
-
- There are more pages in this discussion • 29 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GBZ (ASX) to my watchlist
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.41M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $6.224K | 691.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1118368 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 500076 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1118368 | 0.008 |
5 | 1266633 | 0.007 |
3 | 600000 | 0.006 |
2 | 370000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 500076 | 2 |
0.010 | 1645436 | 4 |
0.011 | 1009000 | 2 |
0.012 | 1060798 | 4 |
0.013 | 1322442 | 3 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
GBZ (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online