My understanding is as follows. The notes will be converted in shares. The exchange of which is set at $5.50 a share. (Ie. (150mill+interest paid in shares)/5.50) however that 5.50 figure is subject to the clause about customary anti-dilution arrangement. With each raising (including the current) it will therefore be less than 5.50. WYLOO have made an investment (thus far not looking great) but they’d be looking at this in the long term.
Some on here trying to paint a doom and gloom scenario with WYLOO. Sorry can’t see it.
My understanding is as follows. The notes will be converted in...
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Last
29.0¢ |
Change
0.005(1.75%) |
Mkt cap ! $51.14M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 30.0¢ | 28.0¢ | $135.9K | 474.6K |
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| No. | Vol. | Price($) |
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| 4 | 116170 | 28.0¢ |
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| 28.5¢ | 5000 | 1 |
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| Last trade - 15.59pm 13/05/2024 (20 minute delay) ? |
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Last
28.5¢ |
Change
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| Last updated 15.59pm 13/05/2024 ? | |||||
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