I think these notes were converted. Deal happened a long time ago, with rock phosphate prices a lot lower. I think he has been largely supportive of the company and won't be using the convert/dump approach to the option like some others have, even a certain poster on here.
Ann: Issue of Convertible Security and Appendix 3G, page-5
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Mkt cap ! $32.91M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 4.0¢ | 3.8¢ | $20.57K | 516.6K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 177449 | 3.8¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 100000 | 1 |
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