Yes, the meeting will be to approve the shares and options above the percentage to which management don't need shareholder approval, but my point is that the 1st $1m tranche of the convertible notes has already been paid to us (I have just spoken to Faldi Ismail who confirmed this), and all we will be voting on is whether to follow through and issue the underlying shares. We are not going to be asked to vote on the issuance of the convertible notes themselves.
If we don't vote in favour, we will be in default of the terms of the deal and we'll have to repay the $1m (plus costs and fees) and we'll be forced to sell assets in a fire sale to do so.
This sucks.
- Forums
- ASX - By Stock
- ZMM
- Ann: Financing & Management Update
Ann: Financing & Management Update, page-72
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZMM (ASX) to my watchlist
|
|||||
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.393M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $29 | 2.667K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19407 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 350000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19407 | 0.011 |
1 | 90666 | 0.010 |
2 | 185749 | 0.009 |
5 | 851048 | 0.008 |
4 | 893114 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 350000 | 1 |
0.013 | 38590 | 1 |
0.014 | 95043 | 1 |
0.015 | 508103 | 2 |
0.025 | 14912 | 1 |
Last trade - 11.25am 10/09/2024 (20 minute delay) ? |
Featured News
ZMM (ASX) Chart |