Held Cokal (one of Martino's many other companies) for years and if I learned nothing else, the guy looks after himself.
If he's converting above market value, IMO you can trust there will be a reason.
Almost worth a punt on speculation alone.
Why would any company want to clean up its books with a debt conversion, at a price that does not seem favourable to the debt holder? (Especially given who the debt holder is in this instance).
Something is up for sure.
SPB Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
