Ann: Vali-3 update, page-29

Yes I know they are at 4 cents , need to get a bit higher than that to get a big percentage of them converted .
As they have not been tradable a percentage of them will not be converted no matter what the price .
If the price gets above 4 cents there will be increased selling by some to raise the money to convert .
One problem is they do not expire until the end of the year and usually most conversions only take place near the expiry date.
They probably thought selling BYE shares would take them through until then .
Bring on the flow tests , they might just surprise this sceptical market.