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re: Ann: New US$20m Convertible Note Agreemen... Sorry TR333,I...

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  1. sydney6791
    3,646 Posts.
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    07/01/11
    21:49
    Post #: 7703637
    re: Ann: New US$20m Convertible Note Agreemen... Sorry TR333,

    I still work out 32c is the case.

    "not to accept any purported conversion where the volume weighted average price of AED shares is less than the floor price (AU$0.40)."

    That means 40c is okay!

    "conversion price will be calculated as a 20% discount to the prevailing volume weighted average price"

    That means the Conversion price can be 40c * 80%=32c.

    AED Price at posting: 40.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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