RE: Investors Meeting Next Week14 Jul 2022 07:26
GB didn't answer questions at the MSYS Investor Meeting so don't be surprised if he does the same here.
Important question would be since many ppl are under the impression that loan repayment converts at 20p per share.
From the rns "The Company may elect not to repay the Advances that fall due (see below) and, in such circumstance, the Lenders will have the option to convert the Advance's principle and interest and any relevant outstanding fees into the Company's Ordinary Shares at a price equal to the lower of (a) 80 per cent. of the average of the two lowest VWAPs in respect of Ordinary Shares during the 10 business days immediately preceding the date of the Conversion Notice and (b) Fixed Premium Placing Price up until the Maturity Date."
There could be huge dilution on the cards below the current share price?
If i'm wrong please explain.