Looks good.
0% chance of converting at 15c the 5 million for bringing institutional investors over 5% holding
The class C & D are 1% chance of being awarded.
The only possibility is the 103 million, being exercised at 2.5c… which in turn will bring $$ to the coffin -> and better than the note holders being exercised with a loan drawdown.
In summary, a chance of 2.5 by end of August. After that, we all will have a better understanding of where wangle is at -> or $0!
My guess is 3.5 by August end.
My prediction -> PAIN!!
WGL Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
