CTP 1.89% 5.4¢ central petroleum limited

Unhedged"Anyone have any idea when we should expect the bond...

  1. 8,113 Posts.
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    Unhedged

    "Anyone have any idea when we should expect the bond conversion dump? How long have they got to turn the bonds into shares? Is it 45 days?"


    It becomes an intersting situation now that the last $1 Mill Bond was issued the SP has dropped by approx 30 %.

    Yes there is 45 day time to convert. so no doubt the Bonds issue holders will want to see the SP rise to an amount over what they paid.

    In other words the Bonds Holder may cause the SP to rise back to 14 or 15 cents, If I am correct then its BUYING time.


    Interesting scenario

    CB
 
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