RE: RNS - Conversion of Convertible Loan Notes26 Feb 2021 09:14
This is so true..Vlad is keen to say he chose the cheaper funding option, but his maths isn't great if he doesn't accept what played out for the shareholders over the last few days. I expected them to convert, but he ought not tout a 10% cost of finance when the impact on the shareholders of the conversion is much more significant and expected.
Vlad ignores the cost to the shareholder and opts for a perceived lower cost for the business. Dont be fooled again.