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clock Created with Sketch. 02/08/18
16:03
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Originally posted by tt2000
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Yes GMC touched 1.4c briefly before quickly plumetting 15% to close at 1.2c.The Convertible Note will automatically be converted into 25.1% of the equity of PT Gulf by way of new shares to be issued by PT Gulf to PT JGI (“Project Investment”) upon achieving the following conditions precedent (“Conversion CPs”): "The parties will endeavour to satisfy the Conversion CPs at the earliest possible time and in any case not later than 31 August 2018.If the Conversion CPs are not satisfied or waived by 31 August 2018 (or by such later date, if any, agreed by PT JTS), the principal of the PT Gulf Convertible Notes becomes repayable by PT Gulf, together with interest of 15% per annum from that date to the date of repayment. "
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The last year seems to have been interesting for you and you must be a sucker for punishment because you have continually been proved wrong on all counts.
