Ask and ye shall receive!
Confirmation from management that if the company cannot make a con note repayment in cash (as requested by the note holder) that the company must issue shares at a recent VWAP (in this latest case 22c).
As I have been saying this means a death spiral of ever cheaper share issues to paydown the con notes. Expect this latest Cornell issue to hit the market with a rush..... but who will step in a soak them up? Those on HC should have stopped averaging down and hopefully lightened up.
goodluck
- Forums
- ASX - By Stock
- CMR
- personal gorm review for anyone interested
personal gorm review for anyone interested , page-21
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)