A convertible note or bond is a loan from one entity (pala) to another (AVO) at an agreed coupon rate (interest rate) with the right to convert the loan or part of the loan into shares at any time prior to the maturity of the loan or bond.
A take over of AVO would be very interesting. Perhaps Pala are converting debt into shares to protect AVO from a takeover.
Perhaps they know that AVO is already in a position to finalise the DIO takeover and want to convert prior to any AVO rally.
Who knows? Not me!
AVO Price at posting:
$1.65 Sentiment: Buy Disclosure: Held
