RE: I suppose13 Jul 2022 09:03
‘The Loan Notes are unsecured, have a coupon of 8% and will be convertible into Mode's Ordinary Shares at a price equal to the lower of (i) 90% of the average mid-market ?price for the period of 5 Business Days prior to conversion; and (b) 10p?.’
how convenient we are mysteriously at an all time low here ‘average mid market price for period of 5 business days’ - well that explains the weird price action and silly spreads last week and this! Hmmm!
IMHO DYOR GLA