I figure this could be taken either way:
Maybe Lewis wants more liquidity for himself, hence converting the notes to shares and then sell some of them down.
Or, he's converting the notes into shares now because he expects AAC's earnings - and the share price - will keep increasing - and hence deliver more value/growth for him long term than holding the notes.
Any other thoughts...?
Ann: Conversion Notice in Relation to Convertible Notes, page-3
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Last
$1.37 |
Change
0.020(1.48%) |
Mkt cap ! $852.9M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.38 | $1.35 | $265.6K | 194.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19999 | $1.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 1364 | 2 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| AAC (ASX) Chart |
