Can this explain as to why sp has tanked from 65c to 46c. Below is extract from a Linc ann. regarding 50mill buyback of notes.
"On 10 April 2015, the conversion price will be reset to the lower of 115% of spot reference price (being the average of 10 days VWAP preceding 10 April 2015) or the existing conversion price ("2nd Reset"). The 2nd Reset is subject to a conversion price floor of S$0.77."