Note holders will cover shortfall to 6m for a max of 2.1m, ie the value of the notes.
Both Steve and Joseph have shares and notes. They will take up their rights and convert their notes to shares.
Additionally as per 16/7 announcement, the directors, including MS, have provided 200k interim loan in the form of CN's that will be converted to shares.
As per CBD posted on the day of the release
" That is a very positive endorsement of the Companies future from those who would have the best access to information."
The directors will be investing a fair amount of cash Bucky.
For someone that seemingly interegates every single line of every single announcement, you sure miss some of the important stuff.
Ann: Appendix 3B, page-132
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