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5.0¢ greenwing resources ltd

All moot points I think, if mine not producing cash flow +ve in...

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ucs2008

884 Posts.

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04/07/17

10:24

Post #: 25649304
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Originally posted by gypaetus ↑

Quote :
"the Notes will convert at the lower of 1.5 cents per share or the price at which the Company concludes a capital raising . "

This means that the company intends raise additional capital through a cap raise by 30 november 2017 !!!

How much ? IMO at least another 2 Million$ at 1.5c !!!

Doc 1.5c isn't a floor it's a ceiling, if the CR is @ .01 then the CNs will convert at .01, even if the CR is @ .02 or higher then the CNs convert @ 0.015, and there's nothing in the announcement that satates the terms, amount of the CR.

For arguments sake a CR could be conducted tomorrow for a nominal sum @ .008 - that would then be the price the CNs convert at, now I'm not saying that they will intentionally raise @ a lower price, but they have dealt themselves plunge protection.

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All moot points I think, if mine not producing cash flow +ve in 3mths and I've seen nothing to believe it will be then they will have no other option for cr other than to do same again... rinse repeat get paid increase % owned by select few approve bonuses, start again... I think we've been had, I'll be looking to get out asap

BSM Price at posting: 0.9¢ Sentiment: Sell Disclosure: Held
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Last 5.0¢		Change 0.000(0.00%)		Mkt cap ! $9.062M

Open	High	Low	Value	Volume
5.0¢	5.0¢	5.0¢	$11	214

Buyers (Bids)

No.	Vol.	Price($)
2	16062	5.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	154221	1

View Market Depth

No.	Vol.	Price($)
2	16062	0.050
1	10625	0.048
1	11111	0.045
1	432247	0.044
4	435551	0.040

Price($)	Vol.	No.
0.061	154221	1
0.062	100000	1
0.064	9810	1
0.069	130237	1
0.070	5000	1

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