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Tekvest

8,994 Posts.

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26/07/23

14:37

Post #: 68992341
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Originally posted by sneef: ↑

"If the Company completes a “capital raise” prior to the 12-month anniversary of the investment of the first tranche(the “Due Date”), the outstanding convertible note amount at the time of the capital raise shall automatically converton the following basis: 1"the way i read this was 12 months from the first tranche (which is now) for the CR to take splace. Hence, this gives them heaps of time to build the share price up before calling for a CR. It simply buys them time to comply to holding $10m in cash and time the CR, which is what i like about the arrangement

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SPT Price at posting: 7.7¢ Sentiment: None Disclosure: Not Held
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