NZF Group (NZF and NZF010)

[getontoit99]

I'm new at this so any comments or corrections will be appreciated.

If 1/3rd of Capital Notes become shares, and the share price through the 20 business days to 15 March stays at 14.5c:

1. 10,000 notes plus accrued interest = $10,244 (approx.)
   
2. This buys 74,230 shares at 13.8c which is 95% of 14.5c.
   
3. 6.6m Notes converting will create about 47.8 million new shares bringing the total on issue to about 125m.
   
4. Dividing the current market capitalisation by 125m gives a new nominal price of 8.9c.

Does this make sense?

Thanks
Scott