Convertible Bond Conversion Price Reset at .8cents.
from memory i think previous price was around 23 cents (which was reset from around 26cents).
Convertible Bond Conversion Price Reset
On 1 September 2006, Nido Petroleum Limited issued a US$22 million convertible bond
(Bond) to Merrill Lynch International (Australia) Limited. Please refer to the announcement
on that date and the subsequent announcement concerning the conversion price reset on 1
March 2007 for a summary of the terms and conditions of the Bond.
The latest reset date for the conversion price was 1 March 2009 and the conversion price
has now been reset to AU$0.08 per share. The Bond can still only be converted into a
maximum of 114,307,091 shares.
Yours faithfully
Jocot de Dios
President & CEO
merrill lynch very lucky
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Last
85.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $193.8M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 287849 | 85.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 1 | 1 |
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