Is it all Gloom and Doom and time to Gloat?

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World Television

Re : Convertible loan notes

Presumably the loan note holders would (NOT) want to accept NEW shares at the conversion rate..as per the agreement...of 1p in exchange for their loan notes..

When the shares are currently only worth (HALF) of that value.

It would be a different case (IF) the current WTV share price was 2p and they were able to exchange their loan notes for NEW shares at 1p

Then they would be getting all those NEW shares worth 2p for Half-Price at 1p

On that basis it is highly unlikely that loan note holders would want to accept NEW shares in exchange for their loan notes...

Some other arrangement will have to be found...


3Parsnips


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