are bonds capping sp of ctp

Yes, its time for Mgmt ie JH & his CFO to reconsider the Bond arrangment as per Announcement dated 14/04/09

To sum up some of the main points of remaining $74m facility
- only a single tranche (ie $1m) can be issued at any one time
- 45 day period of inactivity before arrangement auto terminates
- Initially the conversion price was 0.15c, but due to GFC they have now come up with a new arrangement which is 10% DISCOUNT to mkt pr of the 5 LOWEST trading days during 25 business days prior to conversion of bonds

So, we have a an ATM facility where we can withdraw $1m max at a single time.
We have 45 days of inactivity before this facility self-terminates
The interest or price we pay is SUBSTANTIAL (pls read again)
"The formula for calculating bond conversion is the LOWER of 10% DISCOUNT to the Mkt Price of the 5 LOWEST TRADING DAYS DURING THE 25 BUSINESS DAYS PRIOR TO CONVERSION OF THE BONDS"
SO not only do we use the 5 LOWEST DAYS as a basis, but we APPLY a 10% discount to this. So for this month the lowest 5 days would be about .097 or .098.
Lets use .098 applying a 10% discount we get LESS THAN .09, However lets use .09 as a reference point. The last few days share price of 11c would give ACBO a nice juicy 2c profit on each share.
Last conversion to full paid ordinary shares was at .08712 (anny dated 04/03) giving ACBO 5,739,210 shares.
To make things easier, lets say these came to .09 for 5m of shares. That would be an easy $100k profit

My point is regardless of what significant news we get, Confirming Coal resources, Helium or oil, the sp may go to 20c, 25c or maybe even 50c.
All this means is that the next issue of bonds they use the LOWEST 5 days & APPLY 10% DISCOUNT.
So ACBO get another 5m of shares to dump onto the mkt & THEY DONT CARE ABOUT sp long term as they got issued theirs at a DISCOUNT of 10% plus (lowest 5 days)

Under this situation how can CTP sp go up or reflect the potential of CTP's many tenements.
Remember as an INVESTOR, sp should reflect a Co's potential or future earnings even this applies to a speccie.