Does anyone know how much of the 11.5M shares converted from Debt to equity. I think the share price/bid would stay around about 1p mark till all the shares are done and then you will see the increase in share price.
this share price strange. adding the total number of shares bought since 23 Oct 2014, this is less than the total number that have been sold (e.g. 2 lot of 2M), and the share prise is going up. i dont understand.
those little (and too litle) buy at 1p plus , is the driver to determine what is this stock worth. i feel something wrong.
The Aspermont loan consists of Aspermont Ltd, Dilato Holdings Pty Ltd and Tesla Nominees Pty Ltd. These parties collectively provided a facility of £100,000 to the Company repayable by 18 May 2012, which incurs interest at a default rate of 7 per cent per month. Since the balance sheet date the Company has negotiated for the loan to be converted to equity. On 2 April 2014 the Company negotiated a settlement to repay the loan in full by way of issue and allotment for 11,500,000 1 pence shares in the Company.
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