... and Convertible Notes with a face value of USD$1.78M (not USD$1.5M)
Not saying the deal it is good, not saying it is bad – not enough information to really know the how important the deal was to ADO, but it is the way only some information is forthcoming that concerns me. CN's often done at a discount and with interest. I have no issues with that. But why not tell the SH's? Why try to hide/bury it?
What is the conversion rate of CNs for USD in the later tranches ?
(Also, I think it is only 4,649,156 shares, as I am unsure of how the 7,500,000 collateral shares are Bergen's to keep)
Lets hope we turn the corner soon. See great promise in ADO.
Ann: Anteo secures Investment Agreement with US based Bergen, page-94
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