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Old 24th Aug 2022, 22:09
  #207 (permalink)  
MickG0105
 
Join Date: May 2016
Location: Sunshine Coast
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Originally Posted by 430W
And that on a market cap of 154M. Similar real loss last year when you reverse out the handout. Share-price held up at about $1.40 on very low volume. A few weeks ago I watched the market cap go up by about 30M on a little more than 200k of shares. It has stayed there ever since with very low volume support.

With these high level of losses and the ability of the debt holders to convert the loans to equity, the real dilution of share value as to where it remains just doesn't make sense. As so much about Rex doesn't!

This is just a cursory opinion. I'll have a much closer look at the accounts over the coming week.
Share price is absolutely critical to them with regards to the PAG funding. The associated secured convertible notes are set at $1.50 a share. Any time Rex draws down on the PAG funding with their shares below $1.50 they have to stump up the difference in cash. When their shares were in the $1.10 range it essentially put the PAG funds out of reach.
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