Have a look at the Conversion Terms, particularly the clause "ii)", and then compare asymetry of the range of options given to the Note holder to YOUR irrevocable commitment of the capital.
I believe that, particularly the part of that clause referring to the "lowest 5 daily VWAP’s in the 15 trading days prior to conversion", clearly shows who was in a position of strenght in the negotiations of those terms. Sure like hell it was not AAU.
Have a look at the Conversion Terms, particularly the clause...
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0.3¢ |
Change
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Mkt cap ! $2.99M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $5.734K | 1.491M |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 12024801 | 14 |
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