Ann: Appendix 3B - Part Conversion of Convertible Security, page-24

PS - the 25% is equal to 8.35% annual interest over a 3 year term, accrued in full immediately upon conversion. Only difference between that and the reality now, is we are now several months into the term - so if they've made an interest payment, it'd be slightly lower. But I don't think they have, so I do believe it's the full 25.05%. SO since you need math spelled out for you. 8.35 x 3 = 25.05

I think you call this the "instant conversion profit" which must be some new fancy finance term they use at this 'big boys table' of yours. I stick with the old school 'little kids' term of "interest".