Gold. $1.5 million cash at 10 per cent interest with a mortgage over the company (market cap currently circa $20 million), 25 options per convertible note with a floor price of 4 cents, another bunch of options with a 9.5 cent exercise price and default events which include shareholders failing to vote for the second tranche of convertible notes.
Imagine if management weren’t well paid. There could be some really lopsided agreements reached.
Ann: Cleansing Notice, page-2
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Last
4.0¢ |
Change
-0.006(13.0%) |
Mkt cap ! $14.58M | |||
| Open | High | Low | Value | Volume |
| 4.5¢ | 4.5¢ | 3.9¢ | $24.47K | 590.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 53138 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 19934 | 1 |
View Market Depth
| Last trade - 14.45pm 06/06/2024 (20 minute delay) ? |
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Last
4.2¢ |
Change
-0.006 ( 6.67 %) |
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| Open | High | Low | Volume | ||
| 4.2¢ | 4.2¢ | 3.9¢ | 276932 | ||
| Last updated 14.33pm 06/06/2024 ? | |||||
| NOV (ASX) Chart |