Conversion of the notes has diluted existing shareholdings: there are now 46% more shares on issue than there were at the end of the financial year. There are still >$20m of convertible notes outstanding. At a 30 cent conversion price-higher than the conversions to date-the number of shares will be more than twice that at 30 June. Same company, more shares on issue, lower value per share. .Stands to reason. DYOR
MOZ Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
