16-07-2014, 12:14 PM
(16-07-2014, 12:55 AM)NTL Wrote: I am ok IF they only issue the bonds now when the conversion price is higher than current price. However, I don't feel right as the bonds were issued when the shares were trading at around 21c. They are giving a discount to the bonds buyers, rather than a premium.
Agree, if I have the choice, I would prefer to invest in the bond than the equity interest. 5% interest is indeed quite expensive in the present economy, and I don't see that the Company is desperately in need of financing. This causes me to believe that more "Fishy" transactions may come.