Ann: Prospectus Convertible Note Entitlement Offer, page-38

@Tarvold -- Just what you said above, about the accumulation, manipulation (shorting) to benefit from conversion at a cheaper rate. Would you say this is a good thing or a bad thing in the long term? Short term definitely bad for holders but longer term, if an entity is going to go to that much trouble of securing a much larger stake at bargain price. It may be a good thing? The register will be tighter and if they went to the trouble then it gives you and anyone else a chance to cleanup on the way down. If it happens in that way. Highly speculative.
But, with Bonafide Wealth Management AG @ 17.66%
top 10 holders @ 39.7%
or alternatively and the top 20 @ 44.31% up from near bottom of 27.2% in 2017.
They are already consolidating it to the top again, through market purchase and CR dilution.

When they listed 10/Nov/2005 they had convertible notes of 9% p/a on top of the 50c p/s listing price.
Followed up with another raise and slightly higher priced notes a year after.
They do state in the note prospectus that they will more than likely, need more capital/funding to meet 2025 plan.







Someone will end up owning the IP for the SBT.