Well, excuse me, I read te terms and conditions of the notes a while back, just had another look: the exit fee is indeed 6m shares. The raising fee is 6% plus 2 year options.
So basically, if the fund manages to offload the notes, they keep the options plus the 6%, and quite possibly also the 6m shares. Even if they keep the notes, pocketing the 15% interest and adding te raising and the exit fee and the options, I'd still sit comfortably at these prices if I were the fund.
On the other hand, if I were a professional investor, I wouldn't touch this stock with a stick, due to te existence of the convertible notes, their seniority and them being secured by the assets. I'd only ever touch this thing if I saw a significant revenue rolling in.
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Well, excuse me, I read te terms and conditions of the notes a...
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4.5¢ |
Change
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Mkt cap ! $38.98M |
Open | High | Low | Value | Volume |
4.3¢ | 4.6¢ | 4.3¢ | $31.21K | 696.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 204942 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 24911 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 204942 | 0.043 |
5 | 201500 | 0.042 |
7 | 489535 | 0.041 |
6 | 322500 | 0.040 |
4 | 310641 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 24911 | 1 |
0.046 | 110480 | 1 |
0.047 | 13544 | 1 |
0.049 | 170918 | 3 |
0.050 | 247659 | 2 |
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