Moneytax
I agree with the company putting in example in relation to the "worst case" scenario in relation to the convertible notes. The reason for the 20% discount being put in was to protect the convertible note holders interest i.e. make sure the companies interest was aligned with those of the cnote holder.
I have spoke with the company a couple of times re the notes, they are adamant NOT TO issue shares below 1.3c thereby not triggering that clause.
Cheers
Clever1
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