Mcap at 1.7c now around $10.5. With $10m on the con notes, is there a trigger mcap whereby the con notes need to be paid out? Surely there is a requirement to have a certain asset backing (assuming assets are ultimately represented by market capitilisation) against the con notes? With SP spiralling, these con notes just look more and more dangerous going forward.
Mcap at 1.7c now around $10.5. With $10m on the con notes, is...
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