Ann: Update on Issue of Convertible Notes, page-4

First 4 Last

Share
Profile

Follow
Macleod22

4,863 Posts.

177

10/11/16

21:47

Post #: 20531987
Share

Originally posted by MeToo ↑

Hi Kiwi..

The bit that I like -

1- "The new board of directors and company secretary of the Company recently undertook a review of the Company’s books and records during which it became apparent that the Company was required to disclose, by an Appendix 3B, the terms of convertible notes issued by the Company during the period from April to December 2015 (the “Convertible Notes”). The Appendix 3B in respect of the Convertible Notes was released by the Company on 26 October 2016."

The new board and company sec. recently undertook review...... So what about Tasker? How long has David Tasker been around?
And Tasker signed the "up-date"

So is the error about $1.25M worth of c. notes and 39m shares? All the C. Notes are now way past their redemption dates, with no mention of what they are doing about them. Have they been renegotiated?

From memory didn't IGS make an error/omission a few years ago and had to release a second 3B a few months later covering an oversight/mistake of approx. 100m shares?

The Dec-2015 quarterly had -
774.7m approx. shares on issue.
Zero c. notes.
52m approx. Options

The latest 3b has -
39m shares issued in lieu of loan interest added.
$1.25m worth of C. Notes added.
14.85m options, the balance have expired.

They seem to present these as small errors?

2 major errors in as many years?

Do we know anyone that has a few of the c. notes and could share a whisper or two?

Expand

So you want an update so that you, Rod and Kiwi can discredit what I share?

Cheers

IGS Price at posting: 0.3¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

VMT

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Is oil undervalued?

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

NXG

Cost blow-out for Rook I uranium project sees share plummet for NexGen

WGX

Westgold sets its sights on top five producer status through merger with Karora

VMS

Venture to sniff out high-grade REE targets at Jupiter project, WA

GRX

GreenX picks up prospective copper project in Germany

DVP

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

MGU

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

BOE

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan