No need to be rude on here folks. Without question hours of effort spent to confuse the public - beggars belief as to why ? Unfortunately his thesis is full of holes.
Generally, at maturity a bunch of things could happen, conversion of notes into shares, the issuer (HAS subsidiary rep in this case) redeems the notes at face value (ie. $150mill) or maybe both parties agree to extend the maturity of the notes, or.....or.... and or....; there are a multitude of possibilities......however the messiah wants us all to focus on a single outcome - solely at the choosing and discretion of Wyloo (the holder of the notes) is bloody laughable.
The reality is specified in the key terms of this note agreement. Maybe redeem, highly doubtful, but most likely conversion of notes into shares. Forcement by the holders (Wyloo) to repay cash is NOT POSSIBLE! This is as much an investment as it is a loan.
No argument, with the sp at its current value the investment doesn't look great presently however I am sure Twiggy's time horizon longer than most (...certainly the messiahs)
No need to be rude on here folks. Without question hours of...
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Last
28.0¢ |
Change
-0.005(1.75%) |
Mkt cap ! $51.14M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.0¢ | 28.0¢ | $129.2K | 451.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 116170 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 11984 | 4 |
View Market Depth
| Last trade - 15.50pm 13/05/2024 (20 minute delay) ? |
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Last
28.5¢ |
Change
-0.005 ( 0.88 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 29.0¢ | 28.0¢ | 85064 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| HAS (ASX) Chart |