AXO 0.00% 73.0¢ aurox resources limited

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    For those private investors holding AXOG, do you plan to convert or not?

    I was planning on not converting, but am worried that once AXO control 70% of the notes they can amend the terms of the notes via special meeting - and could then almost unilaterally extend the terms of the notes etc?

    I don't want AXO shares, so any conversion would just be for quick sale of AXO's.

    My theory on the arbitrage opportunity on the notes is that the insto's have agreed to a 6 month escrow - so might prefer cash now at a discount - but why private investors are not snapping this up is beyond me - they might be a little scared of money for nothing.

    I would buy them, but partial conversion of the notes is not a possibility?

    DYOR
 
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Currently unlisted public company.

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