I said this in another thread back at the end of March:
"It looks like BPP will have to potentially redeem $4,475,000 of convertible loans (at 12% per annum interest!) on 30 June. The conversion factor is 2.25c per share (or the price of any equity raising in the next 2 months whichever is lower- minimum 1c). So, if the note holders do not convert where will BPP get the $4,475,000??"
It is pretty clear now where the $4.475m is coming from! Trashed the value of the company by 30%.....
I said this in another thread back at the end of March:"It looks...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $28.01K | 5.603M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1643898 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 7478045 | 6 |
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| Last trade - 15.33pm 28/06/2024 (20 minute delay) ? |
| BPP (ASX) Chart |