I wonder if additional fees were associated with the BMCG facility as the conversion from USD to AUD seems a little off.
Shares issued under the announcement
13.7mil shares x .094c = $1,288,308 AUD.
Conversion of AUD into USD.
$1,288,308 AUD to USD (63.65) = $820k USD. - 120k more than was paid by BMCG
The US$700k converted into AUD using today's exchange rate, it should have been around $1.1mil paid to WKT. Not $1.28mil
1,100,000 / 0.94cents per shares = 11,702,127 shares. Which is 2 mil shares less than the number that were issued today
Anyway, something doesn't add up for the conversion to be so far apart.
@Stirer 13.7mil shares divided by the 440k shares traded today, It will take around 31 trading days to cycle through BMCG's shares.
Considering there are only 28 trading days left until Christmas, you and your friends will need to pump hard on HC to have a good Christmas.
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I wonder if additional fees were associated with the BMCG...
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