westBulldog, if it is not substantial share holder, there is no ann. for that.
It is written on the wall because the convertible notes holder converted the notes at 18c/share. Why they are doing this when they the market price is only at 11c, and the expiration date is far out?
The only exploration is they want to get out. Since the convertible note is not tradeable, the only way to cut-loss is to converted into shares, and sell the shares on the market.
It could explain the share prices was capped at 11-12c for so long because these guys has done that many times already.
MD Michael Hulmes is traveling around to do some deals. Although I cannot count on his capability. Could be some news out soon...
URL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
