This is my opinion. I am not an expert, not a broker, not a trader. I take positions and hold or accumulate...now i am accumulating TLs
Now to your question
Current Structure:
Ordinary Shares 936,879,165
Notes 18500 face value $13.5.
Proposed Structure:
Ordinary Shares 936,879,165
Notes 18500 face value $13.5= $250,020,000.00 odd
post conversion new shares at .15c each.. 1,666,800,000 which gives
total 2,603,679,165
Rights 325459896
new Total 2929139061
/10 292913906 (new total divided by 10)
Market Capitalisation at todays prices..
$399,920,666.40
and so the estimated price of each share post reconstruction...is $1.37
IMO
thanks for the question
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