RE: Rox Equity Partners LTD buy at nominal price30 Mar 2024 15:04
ROCKETVI: If it is actually happens that, "The conversion rate for nominal 0.001 is for the second £2m loan only if SND are unable to pay the 15% interest rate is how I understand this." then because 10,000*0.001=10p. ROXI would be able to buy ten thousand shares for just 10p that investors would be expected to pay in their proposed fundraise. I do not expect SND to generate enough profits to pay the 15% killer interest rates. So I agree with the sentiments of valueseeker that one should, "Expect wipeout..."
It will be interesting to see reaction of the market on Tuesday and which way the sentiment moves the share price.
If my maths is in any way faulty please correct me.