There is still 3 mil more notes to be converted..
so what does this mean?
5 days ago cap was 113.5 mil * 0.14 = 15.89 mil AUD
today at high became 350 mil.
Will they be converting 3 mil notes into shares soon???
Now current price of 1$ current cap is : 113 mil
... if it goes to 0.50 tomorrow the cap will be back to around 60 mil and someday the 6 mil notes get converted to ordinary shares ? diluting it bit further?
Is that how it works? I am a newbie and trying to understand.
Ann: Appendix 2A, page-3
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