Of course CSVF used their remaining convertible note to take stock - and yes, that erased about $3m of debt by needing to issue shares to them. But thats not a quasi capital raise - it is what it is. Given CYL's growing cash position, I'm sure they would have rather paid it back to CSVF in cash but couldnt as it was CSVF's option to convert if they wanted to.
Ann: Catalyst reduces debt and strengthens balance sheet, page-28
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Last
$1.17 |
Change
0.055(4.95%) |
Mkt cap ! $258.2M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.18 | $1.11 | $173.7K | 151.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12762 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 24684 | 4 |
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| Last trade - 14.20pm 04/07/2024 (20 minute delay) ? |
| CYL (ASX) Chart |