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Bergen - VWAP conversion, page-40

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AngryTan

1,048 Posts.

16/04/16

20:23

Post #: 17522058
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Originally posted by bullsbears ↑

But they have to covert the CN's to shares first and we are told the there are "strict limitations" on when they can convert. Don't know what they are, but apparently they are "strict"!!?

Don't forget the $1.5M is actually $1.78M.

Will be interesting to see what the face (real) value of the next trance will be on 3rd June. I am guessing Bergan's next $0.5M USD will get them between $0.575 & $0.59M USD in face value.

If the share price stays where it is the conversion on the next trance will be around $0.07 AUD or 92% of the 5day VWAP prior to conversion if that is lower.
Let's make them pay and push the price up at least 20 days before 3rd June!!!

Only shares they have at the moment (unless they have been buying) are the 4,649,156 commencement shares and not sure if they have "strict limitations" on them. (I suspect not).

DYOR, IMHO

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I think we may all be being a little hard on ADO for copping in in the corn hole on this funding deal with Bergen. Keepin' it real yo who else is going to lend moola to a speccie glue retailer that pulls in $200k a year in sales and subsists on gov grants and cap raises. Speccies have to take money when it is on offer. If they could have got a better deal they would surely have done so. Word homeys.

ADO Price at posting: 5.1¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 2.2¢		Change 0.001(4.76%)		Mkt cap ! $54.77M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$21.58K	1.020M

Buyers (Bids)

No.	Vol.	Price($)
1	100000	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	378168	5

View Market Depth

No.	Vol.	Price($)
1	100000	0.021
10	1443457	0.020
10	2127381	0.019
5	1657002	0.018
4	1574748	0.017

Price($)	Vol.	No.
0.022	378168	5
0.023	642868	9
0.024	141966	2
0.025	478846	7
0.026	83915	2

Last trade - 16.10pm 07/10/2024 (20 minute delay)

ADO (ASX) Chart