As per the announcement:
7F.2 Any other information the entity wishes to provide about the proposed issue
Basis for Noteholders conversion to shares and options is as follows. Shares to the Noteholder are at the higher of A$0.01
or a 20% discount to the 10 day VWAP. Options to the Noteholder on the basis of 1 Option for every 4 Shares issued.
$0.01 per share is the minimum the note can be converted at.
An RBR share is worth what you can sell it for, so $0.005 or $0.006
My main question is if they already have 2.4 million in the bank, why the need for a capital raising at all?
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As per the announcement:7F.2 Any other information the entity...
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