the convertible note holders essentially "own" the company ..........
why would any investor "pay" ....if there are outstanding notes ......
solution is:
convert to FPO all outstanding notes ......THEN do a cap raise .........
sadly - major noteholders wont want to take a "haircut" ........
rgds
V_H
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- Ann: Extension of Voluntary Suspension
Ann: Extension of Voluntary Suspension, page-4
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THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
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MD & CEO
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