Actually should have read the annual report prior to making last post.
Notes 16 and 17 of the 2006 Annual report discuss how the convertable notes were already treated as equity. Also mentions how $10 M was received on the 9 Feb 2005 and an additional $3.5 M on the 19 June 2006. When the other $6.1 was received may require more research.
Regards
SP
milestones for 07, page-13
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