$1m convertible note @.01
So 108m shares including shares for the 8% interest of the note.
The company will need to offer shareholders a rights issue around .01 also if they want any takers because the holders of the con note will make sure they get full value out of this by driving the sp down imo.
I'm not sure I want to throw more money into CAS. They seem to show very little financial restraint. They were supposed to be cashed up after the last raising a few months back and be able to complete the bfs by this quarter. Now the bfs is delayed until the end of the first quarter of 2019.
Another company that promises shareholders the world and then gives them an atlas. Hopeless.
- Forums
- ASX - By Stock
- Ann: Successful Convertible Note Issue and Update
$1m convertible note @.01 So 108m shares including shares for...
-
- There are more pages in this discussion • 4 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
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla