Ann: CardieX Update on the Acquisition of 50.5% of inHealth, page-84

Refer my post 18/6 - 39109516
As you have copied above, Tranche 1 Con Note was converted to shares on 31/1/19 giving CDX 7.7% of inHealth.
Option for Tranche 2 Con Note for $3m was exercised as per Feb 1 ann meaning CDX is owed $3m under the Con Note(Ann stated it was to be paid forth with so have to presume it was paid!)
They will not technically own 41% of inHealth until they convert the Con Note, which is why Cooper has been able to say it is now immaterial to get ASX off his back as ownership currently sits at 7.7%.
Technically all true............................