News: HCH Hot Chili arranges up to A$13 million funding, page-10

The trick on this is to sell the shares at 3c, buy the same in convertible at conversion at 3.3c but get an 8% dividend/interest payment? You rank ahead of the shareholders and if it spikes up you still get the ride.
If it finds another Alice not going to add much as Alice value in sp is not much. Your conversion price theoretically falls 8% per year re dividend. So after year 1 conversion price 3.036c etc.
Have to say Murrays drilling co doing it for free is interesting! Maybe he should have got paid in convertible notes or was it a requirement to get the deal done, he was a bit slow there?
Sprott they have converted their loan been paid back and sold this back to clients with a tasty 8% dividend. Hold on a minute is this a profit generating company or did I miss something to pay that dividend out of profits. They have taken the direct loan with Sprott and offloaded to their clients, don't you just love brokers, reduce the risk and take commission both sides! This sounds like sub prime in 2008! At least Murray gets to keep drilling and Christian gets to keep his package, where is Agent Cooper comments on this?
As always DYOR, GLTA