AzInAsia
977 posts.
18/11/17
15:32:17
Post #:
28918268
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fair call i stand corrected!
on the 3B thread
do you understand this?
AzInAsia said:
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The way I read it
- 47.5k con notes remaining from Tranch D with floor conversion price of 1.5 cents,
- 785k con notes with floor conversion price 1.8 cents rising to 2.5 cents, 3.0 cents after 5 consecutive trading sessions above those benchmarks.
(All IMHO - DYOR) - GLTAH!
excuse my ignorance
its traded 2.5 and retreated does that mean it the 5 days starts again?
perhaps reply in that thread
thanks
CR8 - consecutive means consecutive so if the close of trade of any of those 5 days dips below the benchmark then yes the counter resets. The floor simply means that MEF can't convert con notes to shares if the SP dips below that benchmark not the other way round.
(All IMHO - DYOR) - GLTAH
Thanks for your explanation here
AzInAsia
