WOW 20K LOAN @ 0.0008 COMVERTING INTO ORDINARY SHARES!!!!!!Still...

WOW 20K LOAN @ 0.0008 COMVERTING INTO ORDINARY SHARES!!!!!!

Still have a LOT of an unpleasant odor around it.
Maybe with a few more capital raisings @ 0.0008 after a share consolidation 20/1 it will change the smell ie" like roses"..

still rate it as long loog term sell.



Converting loan agreement holder as announced to ASX on 27 March 2012. The loan converts to ordinary shares on shareholder approval at the price of $0.0008 per share with one free attaching unlisted option with an expiry of 30 June 2014 exercisable at $0.003.
Nature of interest
$20,000 loan, converting to 25,000,000 ordinary shares upon shareholder approval, with 25,000,000 unlisted options with an exercise price of $0.003 and an expiry date of 30 June 2014. Stay away from this bad bad mob.
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DYOR, I am glad I jumped ship