We will need to see the details on the convertible note...

We will need to see the details on the convertible note option.

It appears trying to read between the lines that Oaktree used the AGM date as leverage to close a deal. It fell through and The Perich vehicle (ArroVest) had to scramble in and stump up the funds. I expect the Board did not want to come to this AGM with "we are still negotiating discussion"

The details on this convertible note still need to be sorted so this may take weeks/a couple of months to close. Once done, they will look to reinstate on the ASX.

Then the question is how far this will fall on open. Its going to be ugly. Given I bought this three (3) hours before they suspended themselves back in June, just sitting there thinking of my poor timing.