BDL 0.00% 13.5¢ brandrill limited

direction

  1. 7,493 Posts.
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    What that announcement tells you is that the Directors must have all converted their BDLG's holdings into ordinary equity and will now start making announcements to move the shareprice.

    Or alternatively maybe they havn't converted all of their notes yet and hoped that announcing it at 5:40 on a Friday would get missed by the market and still give them time....

    There was no chance for news out of the Company when the conversions were going ahead. The lower the price the more shares you get on conversion up to 5 shares if ords are 1 cent or 1 share if the ords are 5 cents.

    With the amount of conversions being going on over the past few weeks you have to think that those in the know think there is something positive on the horizon that will push the share price up and therefore gettting in now before their upside is diluted.

    CONVERTING NOTES INTO EQUITY WHEN THE TERMS ARE LIKE THOSE IN BDLG IT IS THE SAME AS DIRECTORS BUYING THEIR OWN SHARES AND SOMETIMES POINTS TO BETTER NEWS AHEAD.

    IMHO Only.
 
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