To make it even more simpler we’re borrowing $20mil now and paying them back $20mil with 0% interest in shares within 18 months. We have paid them back 14mil in shares today at $0.2468825 = $3,456,355. This means we owe them $16,543,645 worth of shares within 18 months.
$1mil in fees is also paid in shares.
This means basically John Hancock and co are investing $20mil in MNS. Shares will be issued when MNS wants to issue the shares to repay the convertible notes at a 7.5% discount on the day MNS wants to pay them back in shares.
All in my opinion. If I am incorrect, I am open to being corrected. All the best to everyone
- Forums
- ASX - By Stock
- MNS
- Ann: Magnis Secures A$20 Million in Funding from US Institutions
Ann: Magnis Secures A$20 Million in Funding from US Institutions, page-102
-
- There are more pages in this discussion • 19 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 MNS (ASX) to my watchlist
|
|||||
Last
4.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.37M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
MNS (ASX) Chart |
Day chart unavailable