BTH 0.00% 17.5¢ bigtincan holdings limited

Ann: Business Update, page-30

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  1. 198 Posts.
    lightbulb Created with Sketch. 18
    not sure why everyone thinks this is a good deal ?

    Multiple offers at $.80 but lets borrow $15m from Regal at 12% per annum and issue them 24m options which have a maximum exercise price of 50 cents ??!!

    Options worth $7.2m if price goes to $.80 and if it doesn't they get $1.8m in interest per annum ?
 
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