CMR 0.00% 15.0¢ compass resources limited

personal gorm review for anyone interested , page-21

  1. 2ic
    5,922 Posts.
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    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
 
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Currently unlisted public company.

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