Ann: Charles Tarbey Appointed Chairman, page-25

You actually just missed it both ways - it was in fact 0.6c (or $0.006) conversion of all convertible notes. So all notes converted and could be some of the shares getting sold now for a 1 bagger rather than wait for potential multi-bagger.

"Connect’ or the ‘Company’) is pleased to announce it has converted the $2 million raised by way of convertible note, as announced 24 October 2016, and has issued 333,333,333 fully paid ordinary shares in the Company at a $0.006 per share conversion, in accordance with the terms of the Convertible Note Agreement detailed in the Company’s notice of annual general meeting (‘NoM’) dated 8 November 2016 (the ‘Agreement’)."

"The funds raised under the convertible note have been, and are being, used to continue development of Property Connect’s LiveOfferTM product, drive expansion in the US as it continues to focus on its marketing and sales activity to grow the Company’s customer base and existing customer support."​