WRR
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0.00% 16.0¢ world reach limited

I bought in.Turning a corner.Need to figure out the convertible...

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  1. 3500
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    23/05/14
    13:26
    Post #: 13406573
    I bought in.
    Turning a corner.
    Need to figure out the convertible notes maturing in 2015/2016....18m shares at 0.12 if fully converted.....That is more the current shares issued (14m)
    Con notes conversion will result in 130% dilution ,but will hugely improve the balance sheet.
    Hopefully the can pay it off before maturity.
    I am valuing WRR as if it has 32m shares....MC at 0.20 around $6-7m
    Anyone knows who holds the con notes?
    WRR Price at posting: 24.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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