Indeed! But a convertible note also has a conversion (into stock) trigger. I can only assume that the terms of conversion were not met, and thus CYL had to pay back the debt instead. I wonder what the terms of the conversion were and whose option it was to convert? - anyone better versed than me out there?
In any case, better than dilution from the stock conversion IMO. Quite happy for the upside potential of CYL to be retained within the existing shareholders registry thank you......!
Ann: Catalyst repays first tranche of Convertible Note, page-3
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Last
$1.15 |
Change
-0.010(0.86%) |
Mkt cap ! $254.7M | |||
| Open | High | Low | Value | Volume |
| $1.16 | $1.17 | $1.14 | $180.1K | 156.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21131 | $1.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 1341 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
$1.15 |
Change
-0.010 ( 1.29 %) |
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| Open | High | Low | Volume | ||
| $1.17 | $1.17 | $1.15 | 18118 | ||
| Last updated 15.46pm 30/05/2024 ? | |||||
| CYL (ASX) Chart |