I think this, coupled with Kennett's purchase, is a very good sign. A large holder willing to take such a huge amount of shares instead of cash is a big vote of confidence, and clears another $790k of debt and repayment obligations. Finally moving in the right direction. Surely the share price gets another jump on this...
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- Ann: Conversion of Loan Facility into Equity
Ann: Conversion of Loan Facility into Equity, page-2
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