How would that benefit the CN holders at all? The conversion price is a discount to the next capital rise price. They could pump it as high or as low as they want and they would have the same result. Let alone the fact the convertible notes were for $1m.
On a separate note I'd be interested to see who the noteholders are. Would be particularly interested to see if Sandton Capital Partners are involved and it was essentially provided as bridging finance whilst they worked through the terms of the transaction. Given the options they'll receive are exerciseable at 25c it's only in their interest to see the SP as high as possible as quick as possible.
- Forums
- ASX - By Stock
- We believe in Lachlan Reynolds
How would that benefit the CN holders at all? The conversion...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MTM (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.1¢ |
Change
0.001(2.00%) |
Mkt cap ! $14.33M |
Open | High | Low | Value | Volume |
5.0¢ | 5.2¢ | 5.0¢ | $33.13K | 658.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54457 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 153571 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54457 | 0.049 |
2 | 35500 | 0.048 |
1 | 50000 | 0.047 |
2 | 85000 | 0.046 |
2 | 36500 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 53571 | 1 |
0.055 | 25000 | 1 |
0.057 | 100000 | 1 |
0.058 | 14000 | 1 |
0.060 | 150000 | 1 |
Last trade - 15.58pm 06/09/2024 (20 minute delay) ? |
Featured News
MTM (ASX) Chart |