Forum Archive Index - February 2000

["G & A Ingram" <ingram.a.g@xtra.co.nz>]

paul ,
thanks for your very clear and helpful comments.
kind regards
amy.
----- Original Message -----
From: Paul Frost <frostpt@ihug.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Sunday, February 06, 2000 9:58 AM
Subject: [sharechat] AQLOA & AQLGA


> It's important you don't confuse the two.
>
> AQLOA are options.These particular options expire on the 30 September 2000
> and give you the option to buy 1 AQL share for every AQLOA held at a price
> of .20c.
> The period in which you can take up (excise) your option (AQLOA) is 1/9/00
> to 30/9/00.
> If in September AQL are trading above .20cents then it would most probably
> be in your best interest to excise your option and hand over your
.20cents.
> If AQL were trading below .20 cents in September, you wouldn't excise your
> option, and you would let them expire.
>
> AQLGA are convertible notes.They carry no obligation to make any further
> payments.
> On 30 September 2000 you have the choice of redeeming them for .25cents
cash
> or converting them to AQL shares 1 for 1.(no payment required)
> To answer an earlier question . If AQL are trading at above .25cents on 30
> September you do not have to pay any extra to convert your notes (AQLGA)
to
> shares (AQL), and you do not forgo any interest.
>
> I hope this helps.
>
>
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