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Replies to post #123851 on Sino Agro Food Inc (fka SIAF)
ks1977
11/15/17 2:47 AM
#123852 RE: Redbull84 #123851
which remains at a favorable margin when compared to the market price
Notes holders can exercise at any time from and including the day falling 60 calendar days from the date of the notes, upon the note holders giving not less than 5 business day prior written notices to TRW and the Company, the principal amount shall be converted to shares of the Company. The TRW may at their own discretion choose to settle such conversion option with newly issue shares or existing shares, at their sole discretion. In the event a dividend, share split or consolidation or spin-off (each a Corporate Event") from the Company, the conversion price shall be adjusted to provide the same economic value to the notes holders as if such Corporate Event did not occur.
The Swede
11/15/17 3:02 AM
#123856 RE: Redbull84 #123851
RD, Is this the loan(s) that might have defaulted (just after Q3), and may been sold into the market? If that's the case we should see another batch of shares on the ask.