all explained no issues, page-6

from earlier - confirmed in 3B

666134 for $100000 = 15c

are future conversions based on the same as per page 2 of appendix 3B?

if so, over 8m shares for $1m = 12.5c breakeven for Bergen (forgot to include security shares earlier)

Hi Dazed, SUD pretty much went sideways for a year and appears Bergen were asked to stop selling following CR, maybe chart would look different if they hadn't been in?






"I've never seen the 130% used, just 90% of vwap - not a difficult decision for noteholders.

Bergen get $1.1m of shares for $1m at 90% of vwap (90% of 16.5c for example)

$1m outlay for approx 7.3m shares at 15c (based on vwap)

So effectively a 13c-14c raise imo.

3B will soon confirm."