Loan note convertables..11 Oct 2018 13:09
Saw this on another board... been watching and thinking of taking a trade...
Does this make sense or is it ramblings??
on the 8th Oct company confirmed suspension of £1.17mm remaining loan notes lifted...
Today 13.5MM @ 0.0074 (£100k) and 8.33MM @ 0.009 (£75k) exercised
Remaining notes £995k
at a price of 0.015 (being generous!!) that is a further shares of 66million which can be exercised...
I have no position and have not been in a share with such notes before...
I like the potential improvement in operations but wary of the potential dilution which may yet come ...