Exactly BT.
That gave me false confidence the sp would be supported by those investors at levels above were we are at now which is a worry.
This Bergen mob are a shameless brazen bunch, convert and dump in one motion with no attempt to hide the fact.
Personally I'd rather that extra $400k's worth of convertibles recently held back from Bergen to be torn up and offered to our long term sophisticated investors at .001c even if we could fetch a higher price from Bergen.
So much for an example conversion price of .009 suggesting even higher prices possible limiting dilution before the vote.
What does it take for management to put their hand up and say they got this deal wrong and have underperformed and missed targets yet again and take a pay cut in response?
APG Price at posting:
0.2¢ Sentiment: None Disclosure: Held