OSX osteopore limited
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I’m definitely not neutral on this—capitulation. Sure, 4%...

  1. FreeFromStyle
    2,239 Posts.
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    27/09/24
    10:28
    Post #: 75867818
    I’m definitely not neutral on this—capitulation. Sure, 4% interest is fine, and 6% fees are cheaper than what an underwriter would charge. But game play for a moment. OSX an AUD$4.6 market cap. They can convert up to $20M worth of notes to shares at 80% of the lowest 5 trading days' value within the 45-day window leading up to conversion. Who would be in in control of the company then? It's like handing over the keys to your brand-new Porsche to a drunk private school kid on Schoolies week thinking "Na it be good"

    https://hotcopper.com.au/data/attachments/6490/6490955-91fbed6ca4dae58cde380b3a5f1f82ca.jpg
    Last edited by FreeFromStyle: 27/09/24
    OSX Price at posting: 3.9¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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