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28,822 Posts.
48
27/02/13
12:53
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Difficult to see a reason to hold, let alone buy, when the company doesn't tell you two critical pieces of information about the CR.
a) what is the share floor price below which the deal can be terminated by either party? 2.5c? 2.0c? and;
b) what the hell happens if the deal is terminated? Does AYN have to repay the money immediately? Do other covenants come into force?
(really could do with a sentiment of "wouldn't touch with a ten foot pole").
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