ADO 0.00% 2.0¢ anteotech ltd

See last page of this announcement;...

  1. 611 Posts.
    lightbulb Created with Sketch. 122
    See last page of this announcement;
    https://wcsecure.weblink.com.au/pdf/ADO/01701548.pdf

    "Conversion of First Year’s Interest – The Vendors may elect (prior to Completion) to convert the First Year’s interest into fully paid ordinary shares of Anteo. If the Vendors do so, then the deemed interest rate will increase to 12% per annum for the purpose of conversion of the interest."

    Would you expect a notice of conversion prior to selling? Would it benefit the Vendor to convert and then sell down? This is the only share-trading condition I can see relating to the 12 month anniversary...

    Maybe that helps?
 
watchlist Created with Sketch. Add ADO (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
0.000(0.00%)
Mkt cap ! $49.37M
Open High Low Value Volume
2.0¢ 2.0¢ 2.0¢ $5.1K 254.9K

Buyers (Bids)

No. Vol. Price($)
4 2349968 1.9¢
 

Sellers (Offers)

Price($) Vol. No.
2.0¢ 937703 5
View Market Depth
Last trade - 09.59am 05/08/2024 (20 minute delay) ?
ADO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.