ITQ 0.00% $7.12 intecq limited

The notes convert at 20c. The company has money in the bank,...

  1. 4,770 Posts.
    The notes convert at 20c. The company has money in the bank, revenue of $20m and does not operate on overdraft. The notes are at an onerous 10%.

    The company would have no problem extending the notes, what a good wicket for the holders! I believe that the company is so strong now that it should simply be able to move to a bank finance situation.
 
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Currently unlisted public company.

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