As I’ve already pointed out to you AT LEAST once, the “Interest Payments” section of the agreement CLEARLY states that in Years 1 and 2 of the agreement, LTR can pay the (5.3%, and likely to decrease) interest with shares, and in Years 3 to 5, they must pay cash, “as available,” and can pay any remainder in shares.
I’m not a fan of any more dilution than I must accept, but even worst case, 10-15 million shares a year, for a company with 2.4B shares outstanding, is a pittance in terms of dilution, and pretty much guarantees no default.
Enjoy the 4th. I know I will.
Best regards, all!
As I’ve already pointed out to you AT LEAST once, the “Interest...
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Last
60.8¢ |
Change
0.013(2.10%) |
Mkt cap ! $1.485B | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 62.0¢ | 56.5¢ | $6.532M | 10.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 207002 | 60.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.0¢ | 297289 | 24 |
View Market Depth
| Last trade - 13.54pm 09/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |