MST metal storm limited
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relationship between convertible notes/shares, page-2

  1. LTInvestor
    561 Posts.
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    19/07/11
    11:01
    Post #: 8694032
    Convertible notees can be (optionally) converted to stock at the lower of;
    1) 13.5 cents
    2) 10% discount to the 30 day (?) VWAP, rounded to the nearest cent.

    At the moment, 1 note can effectively be converted to 13.5 shares. But noteholders don't have to.

    Hope that helps.
    MST Price at posting: 0.4¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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