ERG 0.00% 6.7¢ eneco refresh ltd

convertible notes

  1. 1,842 Posts.
    lightbulb Created with Sketch. 13

    The convertible notes in ERG look VERY attractive given that there will be a resolution put to shareholders to convert the convertible notes to equity at the rate of 90 shares per note. At $6.38 this means that the 90 shares converted would only cost 7.09c
    This is nearly 50% less than what the shares are trading at.
 
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