Anyone notice the exchange rate is different between two announcement?
1, 26th Oct announcement
The Conversion Price for the Convertible Bonds will be reduced to A$0.10 and the
exchange rate for conversion will be adjusted to US$1.00=A$0.75.
2, 31st Oct announcement
If the convertible bonds are converted in the future, then the existing Shareholders will be diluted. This is because
the amendments include a reduction of the Conversion Price for the convertible bonds from A$0.5634 to A$0.10,
and an adjustment of the exchange rate for the conversion of the convertible bonds from US$1.00 = A$0.9533 to
A$1.00 = US$0.75.
Anyone notice the exchange rate is different between two...
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