Australia's largest stock trading and investment forum Australia's #1 stock forum

AHI

Click for more information

0.00%

9.2¢ advanced health intelligence ltd

Ann: MYQ reaches agreement in relation to convertible note debt, page-18

First 18 Last

Share
Profile

Follow
Day424

505 Posts.

469

19/06/20

10:20

Post #: 45318748
Share

Originally posted by Wolf9: ↑

lol you are missing the point so please allow me to explain. I’ll make it as clear as possible and hopefully you will understand.

Noteholders can elect to redeem the notes into cash. However, how can the noteholders get their cash when the company isn’t in a financial position which allows them (the company) to make such repayments?

If the noteholders elect to redeem their notes into cash, and the company does not have the cash and is therefore unable to pay its debts when they fall due for payment, the company is technically insolvent.
If the company is insolvent, the noteholders’ chances of getting their cash back are even lower. Hence my initial comment, it’s better to take a 30% loss than a total loss.
All in my opinion.

Expand

Ok you are missing the point so please allow me to explain, and I'll keep it as clear as possible for you too.

The company has the cash to pay them back at this point in time if they elected to receive the notes in cash.

There.

MYQ Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

1 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

BUX

Buxton projects new graphite province discovery at WA Narryer play

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

There are more pages in this discussion • 17 more messages in this thread...

First 18 Last

Add AHI (ASX) to my watchlist