Fozhard
Suggest you go back and read the terms of the note
http://www.asx.com.au/asxpdf/20101027/pdf/31tf4gpp8d4ts4.pdf
At or under .02c floor price the company has the right to refuse the conversion, however, they will pay daily interest on the outstanding convertible note at a rate of 4.75% for each day the share trades at less than .02c.
It seems that the best price for the share to trade at is bang on .02c. No interest and right to refuse conversion.
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