NLX 0.00% 6.4¢ nylex limited

not exciting, page-5

  1. 30,381 Posts.
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    re: not exciting towie Hi yes I do realise there is a .003 application difference but the reason that I think the notes have more value is that they carry a 10 percent interest rate the payment of some of the interest is deffered untill conversion date and ranks equal with other unsecured creditors in case of any windup ( I do not expect this to happen ) I think that the presence of the 2 major shareholders will shake management up and the 40-1 share consolidation will make it interesting to the institutions when good results start flowing thru I am pis-sed off with the sneaky way that the snuck in the share consolidation as that should have been made as an announcement when the new issues were announced Yes the options will also make the rights a very good entry into this stock I feel this company will be around for a lot longer than some of the other penny dreadfull miners that I am playing with Cheers to holders and DYOR Towie
 
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