Originally posted by rattle
ASX ann. 20/4/18
New $2.5m Funding package.
"For the 1st 10 months of the CSFA Lind may elect to convert any outstanding amount into ordinary shares in ANW at $0.035 per share. For months 11-24, Lind may convert any outstanding amounts into ordinary shares in ANW at the lesser of $0.035 per share and 90% of the average of 5 consecutive daily VWAPs, chosen by Lind from amongst the 20 days prior to conversion".
http://www.austinmining.com.au/site/PDF/1655_2/Executionof25mFundingPackageTransaction
So 10 months after April 20 is February 20, not March 20.
And 20 days prior to conversion [Feb 20] Lind, come Feb 20, can convert to shares at 90% of the average of 5 days starting from yesterday Feb the 1st.
"Correct me if I'm wrong please"
I think you are spot on.
This is why I am feeling so flat for the past 12 months, as these guys could have promoted so many wonderful attributes and created such a valid and just fan fair that the SP would be north of where it is today. Instead we had what seems an Accountant from the Walking Dead write our news releases and roll outs of the same set of slides since 2015.
Even now they could create some really cool interest, if they just get sassy and creative. They do not need to lie or embellish as we have a terrific story. I have been in companies that have a lesser story.
I can only think that they are holding out for another
Salary sacrifice and CR for mates. I would put a $5.00 Scratchy on it.
