1.9m Convertible Note: Why not let it convert? Does the convertible Note belong to a director? Is the mandatory conversion price at 10c? Why the rush to redeem it before June 30, 2011? Whose interests are the directors looking after? All shareholders or just one shareholder? Probably interesting one for ASIC or Slater & Gordon/IMF if the convertible note belongs to a director trying to avoid mandatory conversion at 10c. Looking to see if these details are made available to shareholders.
ATJ Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
