Whilst I think it's a good sign that he exercised his right to convert the notes, the more important question IMO is why did he convert them so soon when it actually expires in June 2017. He could have easily just continued earning 11% interest until June next year so IMO, something's up.
My guess is that it could be a rights issue. That would explain why he converted the loan to shares so that these additional shares would qualify for the rights issue.
Any other ideas?
Ann: Finalisation of Convertible Note-PEH.AX, page-25
-
- 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)
Add EVS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.9¢ |
Change
-0.003(5.77%) |
Mkt cap ! $99.87M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 4.9¢ | $64.14K | 1.269M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 438497 | 4.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 948005 | 3 |
View Market Depth
| Last trade - 14.10pm 27/11/2024 (20 minute delay) ? |
| EVS (ASX) Chart |
