Approx $16.5 million raise at 20 cents. But Convertible Notes still exist. Now what?

I'm worried where MX1 is heading.

After raising approx. $16.5 million through the issue of new shares on 19 December 2019, the Convertible Note debt still seems substantial.

Admittedly, you really have to look for it and retail holders may not know what Convertible Notes are.

I suppose that is all part of research.

What I found was a 6 - year $10 Million dollar secured, convertible loan facility with Thales AVS France.

I discovered it in the Quarterly Activities & Cashflow Report ended 31 December 2019. Anyone can look it up.

Anyone worried about this?