Clearly what is best for current shareholders is for the notes and rcp's to be redeemed and not converted- if a debt facility or rights issue is required management should do so -problem with a rights issue is the notes have to be redeemed within 10 days of the spa being unconditional (so maybe a better option for the rcps'). Test for management/directors as clearly there is a rather large conflict of interest- line their own pockets or do the right thing for all shareholders - hopefully they act in the best interest of the company owners -ie holders- i have my doubts though.
Clearly what is best for current shareholders is for the notes...
Add BRL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
80.0¢ |
Change
-0.010(1.23%) |
Mkt cap ! $153.0M | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 81.5¢ | 80.0¢ | $9.006K | 11.08K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 15.27pm 19/07/2024 (20 minute delay) ? |
| BRL (ASX) Chart |