just reading the terms of the $10 mil facility, they can ask for partial payment in shares from as low as 25cents and they are given a collateral loan of 700,000 shares? can they trade these shares? i dont like the low bar is all i mean can they use these loan shares to keep the price down when they want a payment?
it just seems like a really good deal for Kentgrove, i would like to see what the money is for, if its something good then i need not worry
just reading the terms of the $10 mil facility, they can ask for...
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $17.45M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 20.5¢ | 17.0¢ | $283.8K | 1.504M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 198609 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 8576 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| HCL (ASX) Chart |