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09:44
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Originally posted by ASXspecialist
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Understood, however I believe people should be careful when focusing too hard on any convertible notes when valuing entry points in shares. There will be a dilution when any debts are converted to shares, however somehow believing that the price of a company share should be as close to the CN value as possible indicates a flawed understanding of share pricing and how convertible notes are issued and executed.
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I completely agree and have quoted a number of times that the last conversion at 1.5c saw the SP no where near the conversion. At 3.1c it provides a good base which appears to be well supported so far at 3.4c
