BRN 3.23% 16.0¢ brainchip holdings ltd

Yeah the numbers don't add up. Maybe I am missing something.The...

  1. 901 Posts.
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    Yeah the numbers don't add up. Maybe I am missing something.

    The announcement states $850,000 of the convertible note was executed to secure 35,962,286 shares at 0.035.
    35,962,286 x 0.035 = $1,258,680.
    Are they switching between USD and AUD?

    Also I thought the terms of the convertible note were "The conversion price is equal to 92% of the average of a VWAP formula prior to a conversion notice." How is that 0.035? The vwap is .o49, which means they should be .045 per share right?
 
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