it seems that the ASX is really asleep with respect to TKF and the announcements,ents...
when the Alignment mandate/con note etc was announced all the details were, as is required, disclosed.
so ASX, what are the terms of the Regency Convertible Note?
When does it mature?
what is the Interest rate?
are there any Options associated with the note, there were with Alignment?
there are so many STATUTORY Declarations required which have not been disclosed. WHY?????
The Alignment announcement has so many details see link. https://www.asx.com.au/asxpdf/20171027/pdf/43nnklhydjmhp8.pdf
the Regency Announcement is: Funds of $1.2M raised, $0.8M additional funds to be drawn TikForce Limited (“TikForce” or “The Company”) (ASX: TKF) is pleased to advise that the Company has now received the Tranche 1 funding of $1.2M in cash via a convertible note issue from sophisticated and professional investors, in accordance with a mandate with Regency Corporate Pty Ltd (“Regency Corporate”) as announced to ASX on 16 March 2018.
In addition, $0.8M has been made available to The Company to draw down as and when required.
Mr/Mrs ASX,
the shareholders are entitled to know just what the directors have done and how they have committed the Company, as is required, hopefully you read this and ask Mr Blue/Pink Audi got disclose...
with the Share price soaring spectacularly .. KB may revise the Con Note terms . who knows? maybe not even KB knows ...
TKF Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
