If you take 18 as the high and then consider the fall to 11.5 cents today then you have a 36% fall. Seems the market is overreacting with a 25% dilution with that calc. You also have to consider more notes being converted as well at a later date, so maybe not such an overreaction. Depends on who has the deepest pockets here and what their "fair value" is after the dust has settled!
Ann: Conversion of Redeemable Convertible Preference Shares, page-61
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Last
74.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $142.5M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 75.0¢ | 73.5¢ | $80.92K | 108.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18045 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 30000 | 1 |
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| Last trade - 14.19pm 13/11/2024 (20 minute delay) ? |
| BRL (ASX) Chart |