I haven't been around the market very long and have never seen a convertible note deal turn into a loan.
Can you explain that dot point a little better?
It sounds like you're saying FS get $6m worth of shares for their (up to) $6m and on top of that they get the (up to) $6m back after 3 years. Plus interest +$1m, that part was clear.
Am I reading your post right?
Ann: Company & Phase 3 Expansion Update & App 3Z, page-20
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