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.
- Forums
- ASX - By Stock
- notes
The notes convert at 20c. The company has money in the bank,...
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ITQ (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online