"...Look what la jolla did at INL."
Are you serious?
This statement makes no sense and has no relevance to MAE whatsoever.
Look at what INL did to la jolla, is more like it!
The note is not converted to shares unless the cash is drawn down first -
There are two ways to do this.
Do it while the shareprice is low, causing massive dilution (the INL method),
OR,
As stated by MAE in today's announcement, to wait til the shareprice is higher causing minimal dilution (the MAE method).
The well workover program has just begun and my gut feeling tells me it won't be long til the shareprice is much higher, jmho
- Forums
- ASX - By Stock
- MAE
- Ann: Secures new $6 Million Finance Facility
Ann: Secures new $6 Million Finance Facility , page-7
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
P.HOTC
HotCopper
Don Currie, CEO
Don Currie
CEO
Previous Video
Next Video
SPONSORED BY The Market Online