why the low price? this stock nta is $3.6

Japan economy is doing well, there is rumour of a recapitalize.

This stock without eurobond conversion would be $8.29 per unit. If eurobond convert the NTA lower to $3.62

Sure the yen is dropping lower, but so will the aud.. So they should cancel out the fluctuation in exchange rate..

With all the money printing in japan right now, asset price is likely to increase 5-10% in the next 18 months. This would imply an NTA at least $6 to $10 in the worse case where eurobonds convert..

So why is this stock still $0.66 today?