ago ridley vs balla, page-5

i know i said i wasnt gona post until EPA was received but why would anyone still buy the fully paid when you can get the notes?

AXOG = ($0.25 cash) + (1 AXO share (today worth $0.17) = $0.42

you can buy AXOG for $0.35!!!

either someone is playing funny buggers with the fully paid or all the other investors out there are dumb!!!

even if you dont convert the AXOG by 30 April 2009, by 30 June 2010 the company will have to pay $0.95 to get rid of the debt.

so on that basis any half decent broker out there would be getting clients to buy the debt not the equity. either someone is doing a big ramp job on the fully paid or there is some corporate activity going on in the back ground that will mean that buying the equity at these prices will give you 2x the leverage of the notes.

why else would you buy the debt over the equity at these prices?