"So what I don't understand is: How does a 10% stake in the company earn them $250mill...it would be more like $100m"
ABC has about 470m shares on issue, so they will be issuing about 50m convertible notes
they want to raise about $310m
which means convertible notes will have a face value of 310/50 = $6.2
seems a bit high considering last price $2.14
ABS
a.b.c. learning centres limited
