"The conversion price of the converting notes will be the lesser of 90% of the average of five daily volume-weighted average prices (“VWAPs”) of the Company’sshares during a specified period immediately prior to the date of issuance of the ordinary shares (rounded down to the next 1/10th of a cent),"
So we're at 1/10th of a cent - round this down and Bergen gets the lot. WHAT A DISASTER.
Surely the ASX and ASIC will look into MARKET MANIPULATION - the continued chipping away of the share price has only been in one party's interest and that party had the means and opportunity to cannibalise the share price - It's happened - makes those before the Royal Commission look like angels.
APG Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
