SGH 0.00% 54.5¢ slater & gordon limited

Amendment Fees

  1. 553 Posts.
    Can someone care to elaborate more about the amendment fees?

    I understand that the warrants are structured to give lenders "upside" in any gain in the market capitalisation of the firm. However, if the shareprice is $1 in 30 days, 15% of the uplift is approximately $40M. Isn't it a little bit too much?
 
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