As long as there are more of these Appendix 3B coming where shares are issued at 0.0008 then you can count on these shares to be sold at 0.001 which is a good 25% profit.
If more and more money is drawn down from the convertible note there will be more shares to come on the market.
Just look at the Appendix 3B done yesterday where 236m new shares are issued at 0.0008.
In another 3 months and say AWD needs another $300k and say another 350m shares are issued at 0.0008 from the convertible note ... this is going to be a massive overhang.
AWD Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held