Ann: Aurox to amend terms of note to permit early, page-6

re: Ann: Aurox to amend terms of note to perm... From my reading of the announcement, conversion can be made at any time at the holders option - so the notes are always worth 25c more than the head shares - if the price of AXO gets above 75c, then it is time to convert. The notes are also earning 3.3c interest every 6 months

The shares are currently a long way from 75c.

Now if we bring down the company on cash redemption - the 30% of remaining noteholders have 3x as many assets to split between them. I don't think it will come to that.