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$1.00 lakes blue energy nl

Ann: Convertible Note Placement, page-5

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kuddles

724 Posts.

106

13/12/19

14:15

Post #: 41956095
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Originally posted by wicketkeeper: ↑

I'm confused as to what the issue price of the convertible notes is. Currently the suspended share price is 0.0015 or roughly a tenth of a cent. Is the convertible rites issue price 0.009 which is roughly 90% of a cent or is it 0.0009 which is below the current(suspended market price). If it is the former then can we expect a big jump in the share price to roughly 1cent when lakes relists.

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wicket:
It is below the current share price : ie 60% of the current share price.....and 6.7 billion shares added to the register which will take us to the hideous position of around 40 billion shares on the register. Be prepared for a haircut when they do a 100:1 consolidation.

LKO Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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