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In principle I would agree with you, however unfortunately...

  1. pikel1980
    456 Posts.
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    27/03/19
    08:59
    Post #: 37895275
    In principle I would agree with you, however unfortunately because Oaktree have the conversion rights, then you should only be defining it as the existing balance, because Oaktree have the option to convert at any time.

    But yes, the real liability should be disclosed.
    BLA Price at posting: 47.5¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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