Correct me if I'm wrong, but has the issue has arisen as...

Correct me if I'm wrong, but has the issue has arisen as Netlinkz didn't include the total amount of the convertible notes under the 15% yearly cap, and only counted the converted / redeemed portion + other raises?

as these were issued in December, wouldn't that imply they can't do any further capital raises without shareholder approval until 12 months expires?

I'm not having a go or down ramping, I'm honestly just curious as to the mechanisms here.

I also didn't realise convertible notes should be considered fully issued shares from date of issue rather than date of redemption.

So if they need the money, they will have to put it to a vote? or does the emergency 25% covid now apply to anything not from February that exceeded the cap?