ETW etw corporation limited

"Also not impressed with only 4.2 shares for each ETWG which...

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    "Also not impressed with only 4.2 shares for each ETWG which values them at 46c and a face value of $1. How about $1 worth of shares as they were originally intended ? Cant see noteholders approving that one."

    The notes are up 15% today
    Are noteholders assumming a no vote on the conversion proposal or are they bullish on the sp ?
 
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Currently unlisted public company.

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