RE: Bond Conversions24 Feb 2019 23:28
For all the merits of the bond conversion ( thus far) as an improvement to the balance sheet , it has clearly left most investors unmoved ...and the share price lower than before , even with the FC case resolution thrown in .
If CLP is just about debt reduction and recovery of ‘due’ assets the the share price will only be the later minus the former divided by the number of shares . It needs more than a guy in a container in Serbia mining bit coins to excite the market . It needs a revenue stream, as the time taken to secure money owed is eating in to that recoverable value every day . Clp could have appealed to the high court 2 months ago over the land , but as yet , despite saying they will, they have not . Is there another reason for the delay ?
GLA