The Investor (Bergen) will invest $2.0 million in Havilah by way of a subscription for a fixed number of 6,212,121 shares at $0.33 per share
during the next 20 months commencing one month after the initial investment date, the Investor (Bergen) will make monthly payments to the Company of $102,500 each (Ha Ha yeah right! read below excerpt's from report)
The Company has agreed to make a payment of $1,600,000 to the Investor (Bergen) in consideration of the Investor’s (Bergen) entry in the Funding Agreement. This payment may be offset by the Investor (Bergen) from the Subscription Amount,
*Illustrative Example: Impact of Relevant Price on monthly payment. Payment: $102,500 adjusted by:
Relevant Price is $0.10 greater than the market price on 2 October 2017 (i.e. $0.39) Increase payment of $18,636
Relevant Price is $0.10 less than the market price on 2 October 2017 (i.e. $0.19) Decrease payment of $43,485
HMMMM 20 payment X $102,500 each equals $2,050,000.
But if share price stays @ 19cents (heading there fast) 20 payments X $59,015 each equals $1,180,300 Certainly not $2.05 million as stated.
Clearly if this scenario plays as it appears it’s heading Investor (Bergen) will not pay anywhere near $2,050,000 for their Havilla shares with options. Something appears very wrong here with Havilla’s headline in ASX report.
In the meantime the company has lost about 25% of it’s value in a few days.
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $56.99M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 17.5¢ | $38.28K | 213.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 48753 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 77972 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 48753 | 0.175 |
6 | 111588 | 0.170 |
4 | 110784 | 0.165 |
4 | 150250 | 0.160 |
1 | 20000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 77972 | 1 |
0.190 | 20000 | 1 |
0.200 | 5000 | 1 |
0.250 | 2610 | 1 |
0.260 | 4100 | 1 |
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