Probably the best on offer, compared to the last debt funding (con note 23/09/14) carried an interest rate of 15% and a conversion rate of .03c or lower. This time round there is no conversion so if OIL can deliver in the Sept qtr to MR and enhanced Zeiss deal they might get a conversion at a higher price than today. That wouldn`t look as shabby!! OIL given the chance to "show us the money"
Time for all those that wanted a chance to participate "to put up or shut up".
Ann: Funding and Update, page-20
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