What happens if Lind decide they just want to get paid what is owed to them in cash plus the interest, rather than converting the outstanding amount into equity? So basically if the SP isn't above that level by that point in time, then RRL would have to find the cash to repay them as they won't choose to convert into shares at a loss! Unless I'm missing something?
Lind can decide to convert to shares at price of 1.89p!!
" In addition, after a period of 6 months from the initial drawdown, Lind has the option to convert any amounts outstanding under the agreement into ordinary shares at a premium conversion price equal to 130% of the average of the VWAP during the 20 trading days prior to the agreement being signed (equal to either A$0.0335 or 1.8938p per share)."
thats much higher than we are now at 0.9p. And, apparently if i understand this correctly Lind cannot convert the remaining loan to share at price below 1.89p. thats to say, Lind is confident they can make money perhaps after being promised that sp will be way higher than 1.89p.
so, what will make sp above 1.89p in the next couple of weeks/months? Georgia news anyone??
This is the reason Malsy said DOUBLE UP (instead of HOLD?)
My main holding is in a company that pays dividends every 6 months but otherwise is as predictable and boring as putting my money in a Santander savings account. In 7 years the price has hardly moved.
AIM is for a bit of fun. 49 out of 50 apparently go t**s up. Each morning we don't know if it will be 2.7, 1.7, 0.7 or suspended. It must be the most talked about share - just compare the number of posts by Sonmi on this RRL board compared to the rest of his extensive portfolio.
I truly think it will be the one in 50 that will survive to the FTSE350 and will be bought by pension funds, paying out regular dividends and making people very wealthy who can get in and out at right time - or simply hold because they have faith. And like almost all the other AIM shares, they need to be ramped by current shareholders to show we are all supportive of management. And the management do not need "Angry of Catford" continually biting their heels.
You can't blame Celtic you made the investment that was his opinion if you did it because he said it was a good investment my bank account is all good the number is 007 feel free to invest in the best investment of the year m----- j------ Regards m. I ------/ Thank you signed Pl
For Christ sake grow up the lot of you blaming everyone for the share price. It was you who decided to buy this share no one else take some responsibility for your actions no one forced you to buy this share did they? Aim is a huge risk I bought in at 4p sold at a big loss at 2p I did not cry about it. Blame culture it's always someone else fault
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