LNC linc energy ltd
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When does the conversion price of the convertible bond next...

  1. szaba_the_hut
    15,034 Posts.
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    30/08/15
    10:40
    Post #: 15900778
    When does the conversion price of the convertible bond next reset - is it Apr 2016? Currently 0.77 SGD since apr 2015. if they can hold SP down till they can convert at 0.20 the remaining 120 mil $ that would require issue of 600 million new shares....of course Linc could just pay them out with cash at face value plus outstanding interest but operations and asset sales look unlikely to be able to do that by Apr 2016.
    LNC Price at posting: 99.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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