Prior to this conversion, US$3.1M remained on the debt, and 24,379,746 conv notes remained for ML if they desired.
Situation now is NDO debt reduced by this conversion to US$1.8M, and payable by Sept 2011 (deadline).
ML still have 9,038,714 conv notes they can convert at AUD8c, which would come to approx US$765,511 (todays FX)...if they convert the last lot it will reduce the debt further to US$1.1M, which NDO will have to pay by Sept.
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- Ann: Convertible Note Conversion
Ann: Convertible Note Conversion , page-5
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Mkt cap ! $196.1M |
Open | High | Low | Value | Volume |
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1 | 55739 | 0.850 |
1 | 4000 | 0.810 |
1 | 62111 | 0.805 |
1 | 40500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 24820 | 1 |
0.900 | 20000 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
1.090 | 50989 | 2 |
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