NDO 0.00% 92.0¢ nido education limited

Ann: Company Insight Interview , page-15

  1. 4,510 Posts.
    by my calcs the capital note holders will own around 45% of the expanded share capital of the company once their note converts at the minimum conversion price of .004 per share.

    They are the true owners of KIK and they will be calling the shots. They will be pretty annoyed about losing their $7M and I think it will be a scorched earth job with the management at that point.

    No-one in their right mind would take place in a capital raising until the note conversion issue is sorted and even then the very very most you would be paying would be .001 of a cent, and given that the noteholders will convert at .004 a share, they won't want a fresh raising at .001 cents would they.

    The mgmt need to update their cvs.
 
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