ok -- so at AGM we vote yes to convertible notes
m8 holdings ends up with just over 50% ownership of the company.. so they will choose the future at that point..
two things happen .. they want something M8S has and they offer a takeover .. lick finger $0.012
they good to resume trade on asx and retailers dump so they get even more shares cheaper .. but my gut tell me they want to milk the cow not necessarily own the cow..but yeah this could be unfair and they genuinely want to see the investment in company turn around.. and yeah will to pay $0.20 .. Hmmn tricky
so only scenario we don't get something is if something else messes up between now and agm.. anyone spot the AGm date? as I imagine this be when the answers come (and asx would allow to trade as debts controlled, with enough support to possibly turn around)..
any other takers? how do we interpret?
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