If the Bond can only be converted into a
maximum of 114,307,091 shares, ML will not convert until the share price is at least 19.5 cents.
$22,000,000/114,307,901 = 0.19246.
Any comments? Am I wrong?
On 1 September 2006 NDO SP was 21 cents.
Sounds about right.
merrill lynch very lucky, page-8
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Last
77.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 6000 | 1 |
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