I am somewhat puzzled by this management. The notes convert at 50% discount. These are also part of the AIS dealings which is not going ahead, yet they made concessions to offer notes under the presumption the deal will go ahead. Due diligence by the ASX not Gooroo seems to have put a stop to it, yet the investors behind AIS are still in this deal?
From other publications I can see that the AIS deal is not important, whether it went ahead or not is of no consequence to the deal makers ( it is however to the shareholders though), because the notes convert whether AIS deal is done and regardless of whether Gooroo continues trading on the ASX or not.
I don't know if anyone has done any thorough analysis around this situation, but it does not look good. The people behind AIS could get control of Gooroo in any case. What has this management done?? If the real people behind this take over the company, what are their plans?
GOO Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
