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Ann: Appendix 3B - Conversion of 366,900 Con Notes, page-2

  1. simonjai
    1,124 Posts.
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    15/12/17
    08:57
    Post #: 29648288
    Correct me if I'm wrong, but it appears their conversion rate was at 1.5c/share.

    CN : 366,900
    CN value : 366,900 * 1.1 = USD$403,590
    CN value (AUD) : USD$403,590 / 0.75 = AUD$538,120

    Shares : 35,646,217
    Conversion Price = $538,120 / 35,646,217 = AUD$0.015
    TV2 Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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