RE: Crashed and Burned18 May 2021 09:55
Mint Capital will sell £6,500,000 in principal amount of the February 2021 Loan Notes to placees procured by Peterhouse Capital Limited (the "Sale"). The placees have agreed to an immediate conversion of these loan notes into ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at a conversion price of 1.5 pence (the "Conversion");
They will convert share at 1.5 but no oversubscribed so it mean they need to sell it to open market. At the moment over 400 millions share will be sell so let see how it plays in the end .
For me it is not time to top up but wait longer to see some big number sell first . Thinking selling over 400 millions shares is not one day business . Maybe top up next but not the time yes