NWT 0.00% 11.5¢ newsat limited

Voting no is just biting the hand that feeds you and is rather...

  1. 734 Posts.
    Voting no is just biting the hand that feeds you and is rather ignorant. These were all in the prospectus issued and should not be a surprise to anyone. Without these there is no financing.

    R1 - shares at 40c
    R2 - warrants with expercise price at 40c
    R3 - Convertibility of Mez Notes

    The only question is whether to allow the convertibility of the Mez notes; I think it is a yes because it allows greater flexibility and less chance of default on NWT behalf, even though I'd rather see less dilution it is a necessity IMO and is already factored in (see CS report).
 
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