GREY:ZARFF - Post by User
Post by
helgekon Jan 15, 2019 10:11am
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Post# 29232865
Debenture conversion
Debenture conversionNow 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.