As usual, shareholders are spun a story.
Mr Goodall will have his loan maturing in April paying 15% pa interest and with a conversion to shares "based on the 5 day VWAP of NSP’s trading days immediately prior to the loan date." Is that 100% of the VWAP or some smaller percentage, like 90% or 80%?
If it is anything less than 100%, then the loan is costing us way, way in excess of 15%.
Why can't these guys just be clean and be upfront with this and all of their announcements? If it is 100% of the VWAP, then say so. If it is only 90%, then tell us.
These omissions are really just lies.
Ann: NuSep Working Capital Advance , page-2
Add MEM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $25.15K | 5.030M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 18776263 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 10551662 | 4 |
View Market Depth
| Last trade - 10.32am 08/11/2024 (20 minute delay) ? |
| MEM (ASX) Chart |
