Ann: Netlinkz to Raise up to $18m to Strengthen Balance Sheet, page-16

My understanding was that the interest was additional to the 90c issue price and wasn't built in. It's an additional 9% after the 10c discount. So NET would actually be receiving 81c for each Convertible Note. This equates to the 21% interest.



Yeah, the potential dilution by 150m shares isn't great, but another way of looking at it is with a purchase price of 10c, it will be their best capital raising to date.

I agree that Everblu seem to be getting the best deal out of all parties. I only hope that in 12 months time NET will have a balance sheet that allows them to go shopping elsewhere for financing.

I'm hoping we will receive more information in regards to where the costs are being attributed in the annual report due at the end of this month. I guess we will just have to wait and see. To me it looks like they're heading in the right direction and I'm hoping this quarter will be the most exciting to date.