1 year investment, page-99

Hi All

Refer below could be a reason for the capped price

1.5 million convertible notes were issued by the Company:
1. Convertible Notes - Issued 26 March 2014: The convertible notes have an interest rate of 20% and the
termination date is 25 September 2015. The conversion price is a 25% discount to the VWAP price in the
preceding 5 days of the conversion of the notes. The Company also agreed to issue each Borrower unlisted
options (“Attaching Options”) with an exercise price of $0.03 per share and an expiry date of 25 March 2017. On 26 March 2014 8,223,332 free attaching options were issued, refer Note 17. Total cash raised was $246,700.
2. Convertible - Notes Issued 30 May 2014: The convertible notes have an interest rate of 20% and the
termination date is 30 November 2015. The conversion price is a 25% discount to the VWAP price in the
preceding 5 days of the conversion of the notes. The Company has also agreed to issue each Borrower unlisted
options (“Attaching Options”) with an exercise price of $0.03 per share and an expiry date of 25 March 2017. On
30 May 2014 41,776,659 free attaching options were issued, refer Note 17. Total cash raised was $1,253,300.

SO these guys are sitting on a pretty tidy profit if These oppies have not been converted til now. Nearly 50 Million to wash through. May have gone through half since the ann

Once these CNs go through for next to nothing, we should be right. I hope. This is obviously a cash cow to their mates.

Has any seen a recent top 20? i cant find it.