GGP
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0.00% 0.6¢ golden gate petroleum ltd

announcement?, page-16

  1. mapd
    572 Posts.
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    13/01/12
    09:47
    Post #: 9544823
    Scott,

    They can convert 42mil shares at anytime based on the lower of .05 or the 85% of the 10 day vwap.... hence a cool 15% profit.... plus 11% interest.

    generous to say the least...

    even if your presumption is correct, this is still dilutionary.
    GGP Price at posting: 2.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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