Ann: Appendix 3B - Part Conversion of Convertible Security, page-46

Yep, some very pertinent questions which remain to fester in the absence of any revenue stream/s arriving. I find it hard to believe the BoD were apparently unaware of the consequences of the CN arrangement on the SP. And why was the SPP labelled a 'reward' to shareholders?

The situation calls for an independent review of how this funding debacle arose. Also, shareholders need to be satisfied as to the bona fides of the CN entity. As it stands, the optics around the CN are butt ugly, hanging around the co's neck like a dead duck.