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20.5¢ wiluna mining corporation limited.

why have they all chosen equity as payments if it's all...

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105 Posts.

8

31/08/19

07:42

Post #: 40256899
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Originally posted by GravityWaves: ↑

@Hiddenvalue, it looks like the 144,444,445 shares in this 3B could be BLK's parting gift to Lind (at least for the time being)....but who knows, maybe Lind will re-appear at some stage under a new funding contract.

144,444,445 shares x $0.009 = $1.3m.....$1.3m/0.3 = $4.33m....so, BLK buy back the outstanding balance of Convertible Note 1 ($4.33m) & Lind exercise their right to convert 30% of the face value into shares (a BLK parting gift to Lind for being such benevolent financiers). I can almost hear Lind's rave music starting to pump for their end-of-contract profit celebrations.

Interestingly, in the 2018 AGM notice on pg.30, it mentioned that the total number of shares on issue (as at 30/11/18) was just 1,340,911,521 & now (as at 31/08/19) there are 3,996,367,587....that's a modest increase of 2,655,456,066 shares (or roughly 14.05 million shares issued every day for the past 9 months...excluding weekends & public holidays).

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why have they all chosen equity as payments if it's all doom and gloom?

BLK Price at posting: 1.3¢ Sentiment: Hold Disclosure: Held
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