Zargon Oil & Gas Ltd ZARFF

Debenture conversion

[helgek]

Now I own shares in ZAR worth 4 cents. I will not be a sharehoder for long.

I found it highly immoral, albeit clearly not illegal, for ZAR management to in January 2017 to extend the debentures with a higher interest payment and then in 2018 to convert them to shares at a price  of more than twice the actual share price. To me, that shows bad faith dealings.