APG 0.00% 0.2¢ austpac resources nl

Bergen Tactics, page-13

  1. 2,014 Posts.
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    Hi Karlene,,

    If you'd read the funding announcement, Bergen injected $500k in APG in exchange for equity. There was no fixed price for the shares, the agreement was they could convert the $500k into shares at 0.001 less than the 5 day VWAP, meaning if the SP was trading at 0.004, they could convert at 0.003 and so forth. So the lower the SP goes, the more bang for their buck they will get. If they manage to get the sp down to 0.002, they can convert the rest of the $500k at basement 0.001 and then every single increment up there after would be 100% gain. As someone previously said, it would be difficult to get the price down to that level and to hold at that level but do far their tactic is working. I would imaging if the price stays at this 0.004 we will see a new appendix that they have convert substantially more shares at 0.003 than they did last month
 
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