Yes you are right. I was remembering the issue price of the notes (29-Mar-2017, "Working capital facility"):
But the notes were later converted at 10c (14-Jul-2017, "Capital Raising"):
So I'm wildly wrong about the size of Simon Hackett's capital losses, although before the rerate in January he was down 75% on those 40 million shares he received on converting the notes. Still down 40% on those.
Ann: Change in substantial holding, page-15
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