If a holder wanted to liquidate, they can either sell the CN or convert it and sell the stock. Converting and selling the stock might be easier or be worth more than selling the CN. I would imagine that the more the stock price falls, it becomes less attractive to convert compared to trying to sell the CN.
Ann: Convertible Notes Update, page-4
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Last
$3.36 |
Change
0.050(1.51%) |
Mkt cap ! $4.386B | |||
| Open | High | Low | Value | Volume |
| $3.31 | $3.40 | $3.26 | $37.72M | 11.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | $3.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.36 | 284106 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |