AXA Relationship / Convertibles, page-7

Thanks Hawk!

If AXA were to give 30 days notice, I imagine trading will be suspended and the information made public almost immediately, leaving the market free to draw its own conclusions about why AXA are seeking to transfer their securities into a more liquid form.

My understanding is that this period is designed to give the company time to seek alternate funding and repurchase the notes/converted shares, before they are dumped on the market. Such funding could be difficult to secure if prospective investors felt AXA was likely to leave.

SRJ Technologies had a similar situation (14/09/2023 and 11/10/2023), although in that case it wasn't the 94% customer who sought to convert, so the effect was less serious.

But I accept this is all very uncertain and we're just left to speculate on what exactly is going on. My worry is the conversion price is incongruous with AXA's bargaining power.

Thanks again for your input. You've clearly done a decent amount of research, which seems to be the way on HotCopper. Yahoo/disallowed/Stockhouse are useless!

Best of luck to you, too.