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QT Vascular Going BIG
nngeeh
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25-Jul-2015 15:10     
 
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I only trust what i read from the announcement. I could have misinterpret the announcement, but i will need concrete and logical explanation to challenge the language that is used in the announcement. I intended to invest until i see the fine detail .... and will be happy if anyone can explain or contradict what i have interpreted below.

If my intepretation is correct, these anyone one pump up the shares, the investors could borrow to sell it first, and convert their bond. The profit will be higher. As explained below, the bond can be converted any time, and i didn' t see any selling restriction from the announcement.

 
Conversion
At any time from the closing date, the Bonds may be converte  at a fixed conversion price of S$0.128 (" Fixed Conversion Price
-> I interpreted that the bond can be converted from the issuing date
 
Payment on Maturity
On Maturity Date, and irrespective of whether the Investors have converted their Bonds into Shares, the Company will pay to each Investor an amount equivalent to the principal amount of the Bonds subscribed by such Investor. Such amount will not be payable by the Company where the Investor has already received or is entitled to receive the payments in a Qualifying Exit Event.
-> I interpret this as " Investor can convert their bond at any time, but still get back the principal" . The only exception is based is based on qualifying Exit event.
 
Qualifying Exit Event
Occur prior to the Maturity Date:
(a) entry by the Company into legally binding agreements for the sale of the Company and/or all or any of the Subsidiaries
(b) entry by the Company into legally binding agreements for the sale of a major asset or business of the Group.
 
-> I intepret this that only when the company is sold, the company will need to pay the principle
 
Interest
The Bonds bear interest from the closing date of each tranche at the rate of 8.0% per annum, due and payable every six (6) months in arrears. Interest will cease to be payable on the Bonds in the event they are converted into Shares.
-> If convert the bond, no interest will be given. If can get 90% profit, why take the risk of not converting just for the 8%
 
 


Fatm@n      ( Date: 25-Jul-2015 12:30) Posted:

This is not logical at all.
You must have misunderstood the condition.
What you understand, is placing $13mil and get back $11.7mil immediately which means only $1.3mil is invested. 18 mths later from $1.3mil, you get $13mil plus 8%.
If this is the case, every mother son will fight to be the investors....
Then the fund shouldn't be only $13mil it could be so much so much more....
Please be sensible....


nngeeh      ( Date: 25-Jul-2015 12:15) Posted:



It seems like it ..... the subscriber will get their $13M capital back in 18 mths (regardless of whether they have converted their shares) + shares (after converting the principle at 0.128 per share).

If i' m the subscriber, i' ll convert all my bond at $0.128 as soon as possible and sell it at the current price (say it is still 0.119). Immediately, i' ll get back around slightly more than 90% of their fund - 11.7M. And in 18 mths, they will get back their capital. Then, these 11.7M is actually their pure profit. this is 90% profit.

If i am the subscriber, i will immediately sell the shares to get back 90% of your capital, and wait 18 mths to collect your profit. Their risk is only 10% capital, but profit is 90%. This is a great investment for them .... and for existing shareholders, their share will be diluted, and there is a possibility that the price might drop if these new investors dump first to get back their capital.

 


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Fatm@n
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25-Jul-2015 13:07     
 
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 Alert Admin 		Wife and kids also sell....

Sunstar      ( Date: 25-Jul-2015 12:55) Posted:

Lol.. I wanna be that mother son if that is the case. Sell house sell car sell dog to buy. Then after 18 months buy 2 houses 2 cars 2 dogs.. Don't think so lah. If that is the case why only 13mln and not 130mln or 1.3bln. Sure win what.. Think it's tied to company's qualifying exit. I still believe the investors are savvy enough to know this funding will help the company pull thru. After all, they sink in the money to inject the much needed funding. It was 18c when company announce it lost the lawsuit.. Now with funding price should go back to 15-16c.

Fatm@n      ( Date: 25-Jul-2015 12:30) Posted:

This is not logical at all.
You must have misunderstood the condition.
What you understand, is placing $13mil and get back $11.7mil immediately which means only $1.3mil is invested. 18 mths later from $1.3mil, you get $13mil plus 8%.
If this is the case, every mother son will fight to be the investors....
Then the fund shouldn't be only $13mil it could be so much so much more....
Please be sensible....


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Sunstar
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25-Jul-2015 12:55     
 
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 Alert Admin 		Lol.. I wanna be that mother son if that is the case. Sell house sell car sell dog to buy. Then after 18 months buy 2 houses 2 cars 2 dogs.. Don't think so lah. If that is the case why only 13mln and not 130mln or 1.3bln. Sure win what.. Think it's tied to company's qualifying exit. I still believe the investors are savvy enough to know this funding will help the company pull thru. After all, they sink in the money to inject the much needed funding. It was 18c when company announce it lost the lawsuit.. Now with funding price should go back to 15-16c.

Fatm@n      ( Date: 25-Jul-2015 12:30) Posted:

This is not logical at all.
You must have misunderstood the condition.
What you understand, is placing $13mil and get back $11.7mil immediately which means only $1.3mil is invested. 18 mths later from $1.3mil, you get $13mil plus 8%.
If this is the case, every mother son will fight to be the investors....
Then the fund shouldn't be only $13mil it could be so much so much more....
Please be sensible....


nngeeh      ( Date: 25-Jul-2015 12:15) Posted:



It seems like it ..... the subscriber will get their $13M capital back in 18 mths (regardless of whether they have converted their shares) + shares (after converting the principle at 0.128 per share).

If i' m the subscriber, i' ll convert all my bond at $0.128 as soon as possible and sell it at the current price (say it is still 0.119). Immediately, i' ll get back around slightly more than 90% of their fund - 11.7M. And in 18 mths, they will get back their capital. Then, these 11.7M is actually their pure profit. this is 90% profit.

If i am the subscriber, i will immediately sell the shares to get back 90% of your capital, and wait 18 mths to collect your profit. Their risk is only 10% capital, but profit is 90%. This is a great investment for them .... and for existing shareholders, their share will be diluted, and there is a possibility that the price might drop if these new investors dump first to get back their capital.

 


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Fatm@n
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25-Jul-2015 12:44     
 
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 Alert Admin 		There is a lot of conditions and information that we do not understand. Only QT and investors know better.
What we know or what we realise is that this is for the well being of QT.
The next most important info is Mr Heller who is the founding CEO of Angioscore is in the list of investors.
They are out to boast the share price. I am pretty sure about that.
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Fatm@n
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25-Jul-2015 12:30     
 
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 Alert Admin 		This is not logical at all.
You must have misunderstood the condition.
What you understand, is placing $13mil and get back $11.7mil immediately which means only $1.3mil is invested. 18 mths later from $1.3mil, you get $13mil plus 8%.
If this is the case, every mother son will fight to be the investors....
Then the fund shouldn't be only $13mil it could be so much so much more....
Please be sensible....


nngeeh      ( Date: 25-Jul-2015 12:15) Posted:



It seems like it ..... the subscriber will get their $13M capital back in 18 mths (regardless of whether they have converted their shares) + shares (after converting the principle at 0.128 per share).

If i' m the subscriber, i' ll convert all my bond at $0.128 as soon as possible and sell it at the current price (say it is still 0.119). Immediately, i' ll get back around slightly more than 90% of their fund - 11.7M. And in 18 mths, they will get back their capital. Then, these 11.7M is actually their pure profit. this is 90% profit.

If i am the subscriber, i will immediately sell the shares to get back 90% of your capital, and wait 18 mths to collect your profit. Their risk is only 10% capital, but profit is 90%. This is a great investment for them .... and for existing shareholders, their share will be diluted, and there is a possibility that the price might drop if these new investors dump first to get back their capital.

 

sheerluck      ( Date: 25-Jul-2015 11:16) Posted:



When I reread this clause, I got he same question as you.   Logically speaking, they shouldn' t but the wordings suggested otherwise.   This clause is ambiguous to me.


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nngeeh
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25-Jul-2015 12:15     
 
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It seems like it ..... the subscriber will get their $13M capital back in 18 mths (regardless of whether they have converted their shares) + shares (after converting the principle at 0.128 per share).

If i' m the subscriber, i' ll convert all my bond at $0.128 as soon as possible and sell it at the current price (say it is still 0.119). Immediately, i' ll get back around slightly more than 90% of their fund - 11.7M. And in 18 mths, they will get back their capital. Then, these 11.7M is actually their pure profit. this is 90% profit.

If i am the subscriber, i will immediately sell the shares to get back 90% of your capital, and wait 18 mths to collect your profit. Their risk is only 10% capital, but profit is 90%. This is a great investment for them .... and for existing shareholders, their share will be diluted, and there is a possibility that the price might drop if these new investors dump first to get back their capital.

 

sheerluck      ( Date: 25-Jul-2015 11:16) Posted:



When I reread this clause, I got he same question as you.   Logically speaking, they shouldn' t but the wordings suggested otherwise.   This clause is ambiguous to me.

slownsteady      ( Date: 25-Jul-2015 07:57) Posted:



3.7. Payment on Maturity On Maturity Date, and irrespective of whether the Investors have converted their Bonds into Shares, the Company will pay to each Investor an amount equivalent to the principal amount of the Bonds subscribed by such Investor. Such amount will not be payable by the Company where the Investor has already received or is entitled to receive the payments in a Qualifying Exit Event. 

This means that the investors can convert fully and get the shares, and yet still get back their full capital of 13 mil? This means the interest is 8% per annum plus whatever amount they are able to sell the converted shares at in the market?


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sheerluck
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25-Jul-2015 11:44     
 
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Not really pissed off at that 8%.   The takeaway point is rich people have leverage to engineering low risk investments.   Poor people buy in hope of striking lottery.   Some got lucky, most got burnt.

Also my view on the CB remains unchange.   Necessary for the company, good for the new investors (got a high reward low risk investment), bad for existing shareholders (got more risk and lower reward).

 

Sunstar      ( Date: 25-Jul-2015 11:04) Posted:

I truly agree with you that the damages awarded in the lawsuit is quite damaging. It creates a negative perception on this stock. But there's always 2 sides to a coin.. Bad is qt cannot stomach the 20m lawsuit. Good is it clears away uncertainty for potential takeover. Imagine a big boy looking to buy qt but not sure what will happen if qt lose the patent. Now that patent has no problem , the company only has a 20m lawsuit which is peanuts to a billion dollar company. They can buy over at a certain price with no worries. Also the appeal process may take 1-2 years, and they may even potentially overturn the ruling. Whatever the car is, I believe the investors are confident qt will by then turn around with this cash injection and even taken over by then. I am sure shareholders are relieved by this news that the company has secured funding, instead of being pissed by the 8% interest rate.

sheerluck      ( Date: 25-Jul-2015 10:37) Posted:



Seems like you have been reading all my posts.   If you have paid attention to them, you should know my emphaise is on risk management.

The potential upside of QTV is definitely more attractive than appreciation in SG property price for a 1.5 years investment period.   But the attention is on the downside ie risk.   For this CD, the investors are guaranteed 8% return.   For property, it might be 4%.   It might be negative.   They engineered such that they have super low risk for this CD.   Things needs to be balanced.   If they have low risk and high rewards then someone else must have high risk and low reward.   Who are these people?   Existing shareholders. 

Like I said in my previous post, people can shout and scream 60cts, 70cts, M& A, people knock on door when FDA approve chocolate.   These may or may not happen.   But for sure, we get to see results every Q.   QTV last quarter results is far below expectation.   Only 12% of analyst target.

Also don' t forget they are still in the lawsuit with the appeal.   The outcome might give QTV a lift or simple destroy it.   QTV mgmt has led market to believe that the lawsuit favour them but started to change their tone during AGM.   Subsequently, they annouced the lawuit outcome.   Now the mgmt also said the believe the appeal is to their favour.   This is like a boss telling its staff, I will pay you your salary but never do so and keep saying the same thing over and over again.

I hope they win the appeal.   If not many retailers die.


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sheerluck
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25-Jul-2015 11:16     
 
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When I reread this clause, I got he same question as you.   Logically speaking, they shouldn' t but the wordings suggested otherwise.   This clause is ambiguous to me.

slownsteady      ( Date: 25-Jul-2015 07:57) Posted:



3.7. Payment on Maturity On Maturity Date, and irrespective of whether the Investors have converted their Bonds into Shares, the Company will pay to each Investor an amount equivalent to the principal amount of the Bonds subscribed by such Investor. Such amount will not be payable by the Company where the Investor has already received or is entitled to receive the payments in a Qualifying Exit Event. 

This means that the investors can convert fully and get the shares, and yet still get back their full capital of 13 mil? This means the interest is 8% per annum plus whatever amount they are able to sell the converted shares at in the market?

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Sunstar
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25-Jul-2015 11:04     
 
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 Alert Admin 		I truly agree with you that the damages awarded in the lawsuit is quite damaging. It creates a negative perception on this stock. But there's always 2 sides to a coin.. Bad is qt cannot stomach the 20m lawsuit. Good is it clears away uncertainty for potential takeover. Imagine a big boy looking to buy qt but not sure what will happen if qt lose the patent. Now that patent has no problem , the company only has a 20m lawsuit which is peanuts to a billion dollar company. They can buy over at a certain price with no worries. Also the appeal process may take 1-2 years, and they may even potentially overturn the ruling. Whatever the car is, I believe the investors are confident qt will by then turn around with this cash injection and even taken over by then. I am sure shareholders are relieved by this news that the company has secured funding, instead of being pissed by the 8% interest rate.

sheerluck      ( Date: 25-Jul-2015 10:37) Posted:



Seems like you have been reading all my posts.   If you have paid attention to them, you should know my emphaise is on risk management.

The potential upside of QTV is definitely more attractive than appreciation in SG property price for a 1.5 years investment period.   But the attention is on the downside ie risk.   For this CD, the investors are guaranteed 8% return.   For property, it might be 4%.   It might be negative.   They engineered such that they have super low risk for this CD.   Things needs to be balanced.   If they have low risk and high rewards then someone else must have high risk and low reward.   Who are these people?   Existing shareholders. 

Like I said in my previous post, people can shout and scream 60cts, 70cts, M& A, people knock on door when FDA approve chocolate.   These may or may not happen.   But for sure, we get to see results every Q.   QTV last quarter results is far below expectation.   Only 12% of analyst target.

Also don' t forget they are still in the lawsuit with the appeal.   The outcome might give QTV a lift or simple destroy it.   QTV mgmt has led market to believe that the lawsuit favour them but started to change their tone during AGM.   Subsequently, they annouced the lawuit outcome.   Now the mgmt also said the believe the appeal is to their favour.   This is like a boss telling its staff, I will pay you your salary but never do so and keep saying the same thing over and over again.

I hope they win the appeal.   If not many retailers die.

Fatm@n      ( Date: 25-Jul-2015 03:12) Posted:

I believe that you had been burnt by this counter before as all your comments are negative!
Yes! Investors are not charity.
What they wants is returns.
8% is good enough?
Placing $1mil to get $80K is good enough?
I can buy a $1mil property in Singapore and rent it out, I can easily fetch $40K furthermore eventually the price of the property will appeciate.
I think the return is definitely higher than 8%.
On papers, some of these investors are substantial share holders, what benefit them most is the shares price! That is only on paper, those not on papers only gods know....
Mr Ephraim Heller who is the founding CEO of Angioscore is involve in this funding!
Something strange???
Founding CEO is supporting when they are against each other on law suit!

I knew that you are not holding any.
My humble suggestion is that you start to pick up some on Monday morning (first thing in the morning).
Please note that, you are not required here for all this useless and negative comments as I felt that you are too naive.

$0.128 is the minimum that we are going to see when markets open on Monday.
Expect closing is $0.14.

After this show, next is when QT gotten the approval from CE Mark and FDA. ( shouldn't be too long to see this happen)

Final show for near future is AngioScore.
The result should be a winning situation.
There could be many possibilties....
It's for us to find out.

By 31/12/2015 closing forecasted to be at $0.60-$0.75
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sheerluck
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25-Jul-2015 10:37     
 
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Seems like you have been reading all my posts.   If you have paid attention to them, you should know my emphaise is on risk management.

The potential upside of QTV is definitely more attractive than appreciation in SG property price for a 1.5 years investment period.   But the attention is on the downside ie risk.   For this CD, the investors are guaranteed 8% return.   For property, it might be 4%.   It might be negative.   They engineered such that they have super low risk for this CD.   Things needs to be balanced.   If they have low risk and high rewards then someone else must have high risk and low reward.   Who are these people?   Existing shareholders. 

Like I said in my previous post, people can shout and scream 60cts, 70cts, M& A, people knock on door when FDA approve chocolate.   These may or may not happen.   But for sure, we get to see results every Q.   QTV last quarter results is far below expectation.   Only 12% of analyst target.

Also don' t forget they are still in the lawsuit with the appeal.   The outcome might give QTV a lift or simple destroy it.   QTV mgmt has led market to believe that the lawsuit favour them but started to change their tone during AGM.   Subsequently, they annouced the lawuit outcome.   Now the mgmt also said the believe the appeal is to their favour.   This is like a boss telling its staff, I will pay you your salary but never do so and keep saying the same thing over and over again.

I hope they win the appeal.   If not many retailers die.

Fatm@n      ( Date: 25-Jul-2015 03:12) Posted:

I believe that you had been burnt by this counter before as all your comments are negative!
Yes! Investors are not charity.
What they wants is returns.
8% is good enough?
Placing $1mil to get $80K is good enough?
I can buy a $1mil property in Singapore and rent it out, I can easily fetch $40K furthermore eventually the price of the property will appeciate.
I think the return is definitely higher than 8%.
On papers, some of these investors are substantial share holders, what benefit them most is the shares price! That is only on paper, those not on papers only gods know....
Mr Ephraim Heller who is the founding CEO of Angioscore is involve in this funding!
Something strange???
Founding CEO is supporting when they are against each other on law suit!

I knew that you are not holding any.
My humble suggestion is that you start to pick up some on Monday morning (first thing in the morning).
Please note that, you are not required here for all this useless and negative comments as I felt that you are too naive.

$0.128 is the minimum that we are going to see when markets open on Monday.
Expect closing is $0.14.

After this show, next is when QT gotten the approval from CE Mark and FDA. ( shouldn't be too long to see this happen)

Final show for near future is AngioScore.
The result should be a winning situation.
There could be many possibilties....
It's for us to find out.

By 31/12/2015 closing forecasted to be at $0.60-$0.75.

sheerluck      ( Date: 25-Jul-2015 00:43) Posted:



These investors aren' t charity.   Their confidence are engineered by managing risk.

This round of CB is worse for existing shareholders.

Compared to last round:

- maturity reduced from 2 years to 1.5 years with option to extend by 0.5 years (if good, stay for another 0.5 years.   If not quickly take principle and interest and ciao)

- interest remained at 8% (already high at 8% so paiseh to ask for more.   Which bank pay interest anywhere near 8%?)

- conversion price lowered from 19.2cts to 12.8cts, a 33% reduction (even worse dilution for existing shareholders and there is no lock up period at all.)

- no proceed to be used for payng lawsuit damage (ring fence proceed for commercial development)

- can appoint up to two directors into board (probably one of the reasons is to ensure proceed are used according to their agreement.   Minor -ve point is have to pay them director fees.   major -ve point is they will jarga their own interest first.)

So overall the new CB deal is worse than the previous one for existing shareholder, but given the shitty situation the company in, has QTV and its shareholder got any options?

Saying that this " Reinforces the potential of and confidence in QT Vascular&rsquo s Chocolate® platform" is really bullshit.   If they really confidence than they should accept share placement at a premium.   But they go by CB route and built in so many protective clauses to the extend that the only risk they face is QTV default (which they know is low prob) is really saying that " They are very confident that they can make money whether QTV make it (make more) or not (make less)" .


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Sunstar
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25-Jul-2015 09:46     
 
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 Alert Admin 		The shares could possibly only be converted if some big guns are willing to buy out the company. No matter what, this usd13m is the lifeline needed to boost its cash holding and let Qt cross the finishing line. The shares may also be placed out to institutions when qt turns around. No funds has mandate to allow it to buy into a loss making company. So only savvy investors can come in. The investors are taking risk. It's a risk/reward game. Is qt better off with this usd13m? Definitely!
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Fatm@n
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25-Jul-2015 09:10     
 
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 Alert Admin 		What I am curious now is, if share price rocket far beyond $0.128. Can the investors still convert their bond into shares? This benefit will be 'unlimited' compare to the 8%....
If so, what will the investor be doing???
Of course is buying up price....
We shall see on Monday, how high the price will rocket🚀 🚀 🚀
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Fatm@n
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25-Jul-2015 08:58     
 
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 Alert Admin 		No lah....
Got this no that.

slownsteady      ( Date: 25-Jul-2015 07:57) Posted:



3.7. Payment on Maturity On Maturity Date, and irrespective of whether the Investors have converted their Bonds into Shares, the Company will pay to each Investor an amount equivalent to the principal amount of the Bonds subscribed by such Investor. Such amount will not be payable by the Company where the Investor has already received or is entitled to receive the payments in a Qualifying Exit Event. 

This means that the investors can convert fully and get the shares, and yet still get back their full capital of 13 mil? This means the interest is 8% per annum plus whatever amount they are able to sell the converted shares at in the market?

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25-Jul-2015 07:57     
 
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3.7. Payment on Maturity On Maturity Date, and irrespective of whether the Investors have converted their Bonds into Shares, the Company will pay to each Investor an amount equivalent to the principal amount of the Bonds subscribed by such Investor. Such amount will not be payable by the Company where the Investor has already received or is entitled to receive the payments in a Qualifying Exit Event. 

This means that the investors can convert fully and get the shares, and yet still get back their full capital of 13 mil? This means the interest is 8% per annum plus whatever amount they are able to sell the converted shares at in the market?
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Fatm@n
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25-Jul-2015 03:37     
 
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 Alert Admin 		There is no forever friends or forever enemy, but there is forever benefits.
War between Angioscore and QT Vascular, the best win-win situation will be ACQUISITION!
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Fatm@n
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25-Jul-2015 03:12     
 
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 Alert Admin 		I believe that you had been burnt by this counter before as all your comments are negative!
Yes! Investors are not charity.
What they wants is returns.
8% is good enough?
Placing $1mil to get $80K is good enough?
I can buy a $1mil property in Singapore and rent it out, I can easily fetch $40K furthermore eventually the price of the property will appeciate.
I think the return is definitely higher than 8%.
On papers, some of these investors are substantial share holders, what benefit them most is the shares price! That is only on paper, those not on papers only gods know....
Mr Ephraim Heller who is the founding CEO of Angioscore is involve in this funding!
Something strange???
Founding CEO is supporting when they are against each other on law suit!

I knew that you are not holding any.
My humble suggestion is that you start to pick up some on Monday morning (first thing in the morning).
Please note that, you are not required here for all this useless and negative comments as I felt that you are too naive.

$0.128 is the minimum that we are going to see when markets open on Monday.
Expect closing is $0.14.

After this show, next is when QT gotten the approval from CE Mark and FDA. ( shouldn't be too long to see this happen)

Final show for near future is AngioScore.
The result should be a winning situation.
There could be many possibilties....
It's for us to find out.

By 31/12/2015 closing forecasted to be at $0.60-$0.75.

sheerluck      ( Date: 25-Jul-2015 00:43) Posted:



These investors aren' t charity.   Their confidence are engineered by managing risk.

This round of CB is worse for existing shareholders.

Compared to last round:

- maturity reduced from 2 years to 1.5 years with option to extend by 0.5 years (if good, stay for another 0.5 years.   If not quickly take principle and interest and ciao)

- interest remained at 8% (already high at 8% so paiseh to ask for more.   Which bank pay interest anywhere near 8%?)

- conversion price lowered from 19.2cts to 12.8cts, a 33% reduction (even worse dilution for existing shareholders and there is no lock up period at all.)

- no proceed to be used for payng lawsuit damage (ring fence proceed for commercial development)

- can appoint up to two directors into board (probably one of the reasons is to ensure proceed are used according to their agreement.   Minor -ve point is have to pay them director fees.   major -ve point is they will jarga their own interest first.)

So overall the new CB deal is worse than the previous one for existing shareholder, but given the shitty situation the company in, has QTV and its shareholder got any options?

Saying that this " Reinforces the potential of and confidence in QT Vascular&rsquo s Chocolate® platform" is really bullshit.   If they really confidence than they should accept share placement at a premium.   But they go by CB route and built in so many protective clauses to the extend that the only risk they face is QTV default (which they know is low prob) is really saying that " They are very confident that they can make money whether QTV make it (make more) or not (make less)" .

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sheerluck
Supreme
25-Jul-2015 00:43     
 
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Yells: "Work for your money first then let your money work for you"
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These investors aren' t charity.   Their confidence are engineered by managing risk.

This round of CB is worse for existing shareholders.

Compared to last round:

- maturity reduced from 2 years to 1.5 years with option to extend by 0.5 years (if good, stay for another 0.5 years.   If not quickly take principle and interest and ciao)

- interest remained at 8% (already high at 8% so paiseh to ask for more.   Which bank pay interest anywhere near 8%?)

- conversion price lowered from 19.2cts to 12.8cts, a 33% reduction (even worse dilution for existing shareholders and there is no lock up period at all.)

- no proceed to be used for payng lawsuit damage (ring fence proceed for commercial development)

- can appoint up to two directors into board (probably one of the reasons is to ensure proceed are used according to their agreement.   Minor -ve point is have to pay them director fees.   major -ve point is they will jarga their own interest first.)

So overall the new CB deal is worse than the previous one for existing shareholder, but given the shitty situation the company in, has QTV and its shareholder got any options?

Saying that this " Reinforces the potential of and confidence in QT Vascular&rsquo s Chocolate® platform" is really bullshit.   If they really confidence than they should accept share placement at a premium.   But they go by CB route and built in so many protective clauses to the extend that the only risk they face is QTV default (which they know is low prob) is really saying that " They are very confident that they can make money whether QTV make it (make more) or not (make less)" .
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vinfooyc
Member
25-Jul-2015 00:08     
 
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" .........The convertible bond investment will have an 18-month maturity period and can be converted into ordinary shares at S$0.128 per share. The conversion price of S$0.128 per share represents a 7.56% premium over QT Vascular&rsquo s weighted average price for trades done on the SGX-ST on 24 July 2015 of S$0.119. The bonds can be converted at any time at the sole discretion of the Investors. This also indicates the level of confidence the Investors have in QT Vascular&rsquo s Chocolate® platform........"

Monday will see an increase on its share price...

 
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HVRRVH
Elite
24-Jul-2015 21:40     
 
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 Alert Admin 		Nobody know for sure. Rex also have brand name investor and brand name fund but price keep dropping.

Sunstar      ( Date: 24-Jul-2015 21:00) Posted:

Qt just announced it obtained funding of usd13mln. Despite the cancellation the first round, it appeared the investors are still confident enough to proceed with funding the second round. The investors this time round are quite prominent Malcolm Koo head of institution dealing at CIMB, Tan chin hwee founding partner of Apollo Global management. They must be confident enough that QT will turn around to give it funding to boost its growth. Also conversion is done at premium of 12.8c. Think share price will move up and see 12.8c as psychological support level.

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Sunstar
Senior
24-Jul-2015 21:00     
 
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 Alert Admin 		Qt just announced it obtained funding of usd13mln. Despite the cancellation the first round, it appeared the investors are still confident enough to proceed with funding the second round. The investors this time round are quite prominent Malcolm Koo head of institution dealing at CIMB, Tan chin hwee founding partner of Apollo Global management. They must be confident enough that QT will turn around to give it funding to boost its growth. Also conversion is done at premium of 12.8c. Think share price will move up and see 12.8c as psychological support level.
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