RE:Nobody paid 81ckumutwist wrote: They are doing a toxic note conversion @.017c
its all in the PR
nobody bought any shares
its to convert toxic debt to shares
dilution
dummies
Yes they all must be dummies especially Imperial Brands...LOL SMH !!
Imperial has converted (the "Conversion") (i) of th$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 e 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%