Fozhard
Suggest you go back and read the terms of the note
http://www.asx.com.au/asxpdf/20101027/pdf/31tf4gpp8d4ts4.pdf
At or under .02c floor price the company has the right to refuse the conversion, however, they will pay daily interest on the outstanding convertible note at a rate of 4.75% for each day the share trades at less than .02c.
It seems that the best price for the share to trade at is bang on .02c. No interest and right to refuse conversion.
FozhardSuggest you go back and read the terms of the...
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ECT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $3.469K | 1.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 19513067 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 11596834 | 27 |
View Market Depth
| Last trade - 15.57pm 21/06/2024 (20 minute delay) ? |
| ECT (ASX) Chart |