Convertible Note

''The Convertible Note has a principal face value of EUR 11,828,005 (which is equivalent to approximately AUD 17,599,361.76 at the Exchange Rate), and the total subscription price to be paid is EUR 10,805,000 (which is approximately AUD 16,077,191.70 at the Exchange Rate). The theoretical maximum number of Conversion Shares which may be issued in relation to the Convertible Crowd Mobile Limited | Extraordinary General Meeting 2016 ''

The question is will JGB remain a major holder once converted or will they slowly sell out and create an overhang on the share price

Timeframe of 30 months cannot been seen as flexible as opposed to a bank loan facility over several years which can be drawn down as the company wishes

IMO,

Is JGB (Venture capitalist ) going to want to have an interest in the business going forward or make a quick dollar and move on - this is the reality of the business world

Look at all the underwriters of CR's for small tech companies - usually immediately sell out at any given opportunity

CM8 is approaching 200m shares fully diluted prior to this CN


DYOR on Convertible Notes