Great question regarding redemption of the convertible notes @DIG4FIRE
From the quarterly to end of December 2023:
Item 7.4 shows total financing facilities as at 31-12-2023 and this appears to include the $2.5m in notes as shown at item 7.3. A description of 7.3 should be included in the box at 7.6 but the company has chosen to omit it for some reason.
Item 8.6 shows total funding of $2,849 which includes a $344,000 loan at item 7.1, so net $2.505m funding as of 31 December 2023 presumably before repayment of notes.
Then in early January the convertible notes were repaid and cancelled which I assume has used up $2.5m of remaining $2.505m funding leaving $5k.
Presumably this is why they are issuing new options at $0.001 next week to bring in $262,000 cash.
I do hope I am wrong, but I have previously found errors in their accounts and if I am right, then they do not have 2.3 quarters of funding as shown at item 8.7 and therefore should have also provided explanations at items 8.8. If required, these explanations are vital.
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