What is the panic??
In July 2013 the Notes conditions were changed from one share to three shares per note.
I would suspect that James may offer more shares per note if the sales do not happen.
That would make the existing note holders seeking redemption in March, reconsider their position.
Maybe even offer more notes to the market as well.
Another way of cat skinning.
Cheers IFINO
AZZ Price at posting:
50.0¢ Sentiment: Hold Disclosure: Held
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