Thats why noteholders are starting the cash out process now ... and every 3 months after that.
"At the date of this announcement, MIPL has received Cash Out Instructions from one of the Noteholders, representing US$700,000 of Notes and in respect of 1,525,300 MBN Shares. If there is sufficient demand on 29 August 2014, MIPL intends to sell all 1,525,300 MBN Shares on market at market price."
http://mirabela.com.au/framework/documents/displaydocument.asp?doc=1482
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- Ann: Half year Financial Report for the period ended 30 June 2014
Ann: Half year Financial Report for the period ended 30 June 2014, page-3
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