I'm wondering if anyone can clarify the outstanding convertible...

I'm wondering if anyone can clarify the outstanding convertible notes approx 685M and what the implications for fully diluted MC this may have

I understand the recent consolidation but I was surprised to see this in the annual report after the top 20 holders.

Of course the notes don't convert if the loan is paid ( I understand shares may be issued to pay interest) but in the event these notes were converted in whole there would be approx 1.1B shares on issue and a fully diluted MC of ~ 380M @ todays SP

looking forward to seeing any feedback on this