RE:RE:Imperial Brand buys 19.8% Stake in Auxly at $0.81 per share!SCQuin wrote: You need to read the ER again. IB also converted interest owed for millions of shares at 0.017 cents each so the average cost was less than 0.81 cents.
I think you are the one who needs to read the latest news this mornig !!
$121.9 million at $0.81 per share !!
$1.56 million of accrued interest at $0.017 !! Big difference my friend :)
mperial has converted (the "Conversion") (i) $121.9 million of the principal amount outstanding under the Debenture at an exercise price of $0.81 for 150,433,450 common shares in the capital of the Company ("Shares"), and (ii) $1.56 million of accrued interest under the Debenture into 90,882,667 Shares at a price of $0.017 (the "Interest Conversion Price"), resulting in Imperial holding an equity position in the Company of approximately 19.8%.