Ann: Capital Raising of A$3 Million-CM8.AX, page-67

Heavy words mate. "Flag bearer" well done chillam!

You are saying I'm wrong and don't understand P&I. Really?
You know better right? I'm waiting for the figures?

As far as I'm aware, (not my numbers) the effective cost example you keep mentioning, given by the company in the webinar includes the cost of issuing the payment shares in that given scenario.

To clarify, thats the cost to shareholders of the 10% vwap discount. (Your example 17c -1.7 to get 15.3c hypothetical payment price)

So you have this in your original workings to arrive at the number of 'payment shares' to meet the 'equity redemption cap' of €720k.


So now you are trying to tell me that the €450 and €720k payment options are not equal on a dollar for dollar, P&I redemption basis?



I find this extremely hard to believe.

All this for a severely repeated hypothetical and founded on what?


I think I'll wait for clarity. Had October picked. We shall see.