Eer,
That clause is standard and is in all convertible note subscription deeds. It protects QVT from TZ doing anything naughty - like issuing lots of shares cheaply elsewhere. I'm sure QVT's lawyers would have insisted on it.
MM and co have been insisting that a low price capital raising is coming imminently - 30c.
Now that QVT has taken notes at 42c, how would it look if TZ issues shares imminently at below 42c thereby allowing these notes to be repriced down? - and all BEFORE these huge deals that they say that they are doing?
The answer is - not very good at all. Cannot be justified.
How would it look if TZ issues share at below 42c AFTER such deals?
The answer is - not very good at all. Cannot be justified.
A true cynic might say that QVT did not want the share price to rise until (a) they were sure that a major deal was on the cards, and (b) they received 42c convertible notes. Such a cynic would now think that the path is now clear for TZ.
- Forums
- ASX - By Stock
- Ann: ASX Announcement - SIV Notes
TZL
tz limited
Add to My Watchlist
1.85%
!
5.3¢

Eer,That clause is standard and is in all convertible note...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $14.87M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.3¢ | $1.123K | 20.84K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 27670 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 16094 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27670 | 0.053 |
1 | 150000 | 0.052 |
2 | 236918 | 0.051 |
1 | 100000 | 0.048 |
1 | 39888 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 16094 | 2 |
0.057 | 20000 | 1 |
0.058 | 18722 | 1 |
0.060 | 100000 | 1 |
0.063 | 10000 | 1 |
Last trade - 10.01am 02/07/2025 (20 minute delay) ? |
Featured News
TZL (ASX) Chart |
The Watchlist
RAC
RACE ONCOLOGY LTD
Dr Pete Smith, Executive Chairman
Dr Pete Smith
Executive Chairman
SPONSORED BY The Market Online