Yes the amount has gone down due to conversion, and letter of credit, get the interest rate down or get rid of the 20% one that is due to be paid September. Can we class this as paying off debt? I suppose but who paid in the end, shareholders, it wasn’t paid of by sales, either way it’s a good thing in the long run, this will get smashed tomorrow morning, time to start shuffling.
Ann: Appendix 4C - quarterly, page-59
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