While the money is welcomed, the conversion price which is 90% of price on conversion date is not.
This term allow the debt holder to short the share price to 0.1c and get 10times more shares to cover short positions. It called death spiral.
Ann: $1,000,000 Investment in Austpac Resources NL, page-6
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)