Thanks, yes I meant to write 165m shares but maybe a little more.
Maybe you are correct, it is a little confusing.
The CNs were issued on the 4 December 2023. The original CR was approved by the AGM at $2m, of which the CNs were all to convert to equity following this latest placement. So the original $2m CR must have included to CNs as if it did not then the total raise would have been $2.7m (which is an unapproved amount. Also the only other CN issue that was approved that I remember was related to a Fijian contract.
The CR was then reduced to $1m to reduce dilution due to the fact that the share price was lower than expected. So with the CNs and recent CR did we raise $1m or did we raise $1.7m.
We need the money so I do not mind, whatever tit is it is, but it is a legitimate question.
