This was known.
"the Convertible Notes would be due for repayment on 30 September 2018 or the Lenders could elect to convert the amount owing under the Convertible Notes into Shares at a fixed conversion price of A$0.625 per Share. " Why the sudden changes
"The Independent Expert has formed the opinion that the transaction the subject of:
Resolution 1 is NOT FAIR BUT REASONABLE;
Resolution 2 is NOT FAIR BUT REASONABLE;
The NOT FAIR bothers me. AS the share price bounce by 5% so it is clearly not bothering the market.
Ann: Notice of Extraordinary General Meeting/Proxy Form, page-2
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