I was redeemed 30% of my holding @ $103.00 plus interest like I was advised in August;
"The Company intends to Redeem A$15,000,000 of the Callable Notes on issue, the subject of the EarlyPartial Redemption Notice with an aggregate call price of103.00% of the outstanding principal amount of each Note being redeemed together with any accrued interest. The EarlyPartial Redemption will take place on or about9 October 2018".
I think the redemption money came from the recent $55 million ASX bond issue. Technical borrowing breaches or not the company has been mismanaged at the very least resulting in a long suspension while lenders try to figure it out. I think the ASX issued bonds will take a hit on opening but nothing like the equity bloodbath I believe is coming.
