There is a limit "Subsequent Conversion Notices cannot be issued within any period of 20 consecutive ASX trading days of the previous Conversion Notice" but the contract would have some penalty's in Jatcorps favor for exceeding this condition "Obsidian has agreed not to, on any given ASX trading day, engage in trading which exceeds the greater of (a) 15% of JAT’s daily trading volume and (b) $50,000."
I would not be surprised if Jatcorp had written in the contract a contingency plan for this occurring. Possibly Jatcorp can force them to convert when required. Only guessing though.
GLTAH DYOR
JAT Price at posting:
2.5¢ Sentiment: None Disclosure: Held
