Ann: Conversion of Redeemable Convertible Preference Shares, page-103

Before anyone who is in love with the stock pipes up and accuses your post as scaremongering I would say IMHO it's not so much the dilution that is the issue but the massive amount of profits that are instantly to be had.....500% on a commodity stock.....I know what I would be doing if I was gifted such an opportunity especially with the Greens well in the running to form part of the next government.


I am yet to here any reason from anyone on this thread as to why they converted the RCPS early and why the company did not provide an explanation.
Therefore it is quit reasonable to be a bit wary and the only thing lurking in the background I can see is the looming court case.
I guess in my mind I am trying to come up with plausible reasoning behind the decision and in my mind the court case, with unknown very material outcomes, would explain the need to hold onto cash and the lack of explanation from management.
I have found it better to take negative possible outcome comments on board rather than label them scaremongering.
I recommend if you have any doubts or question about this company use the email I provide for the CEO in an earlier post.