MAE 0.00% 0.0¢ marion energy limited

so, if ttt / la jolla get drawn down on their CN's to the tune...

  1. 3,503 Posts.
    lightbulb Created with Sketch. 88
    so, if ttt / la jolla get drawn down on their CN's to the tune of $500k ($250 each), and they get converted at 2c that = 25mil shares

    so, if they were to sell this morning they would get the SP down to 2c again, only to be able to top up at 2c again. If news happens to come in the interim, they have nothing to sell into it... so if the price happens to go to 4c then they have just stiffed themselves by 50%....

    the market is a beast, no one entity can tame...
 
watchlist Created with Sketch. Add MAE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.