I think describing AHI Management's disclosures as misleading is being generous, what is the status of the KOR Convertible Note facility ? Have they received a $ of this funding ? Have they, as committed, updated shareholders on status ? Guess we will know when the June Quarterly is released ?
See below announced in January 2025
Advanced Health Intelligence
Secures USD$4,000,000 Convertible Note Facility
Advanced Health Intelligence Ltd (ASX:AHI) (AHI or the Company) wishes to advise
shareholders that the Company has secured USD$4,000,000 (~AUD$6,450,000) via a
convertible note offering to UAE-based KOR Investments LLC (KOR).
This offering to KOR is part of a new convertible note facility in which AHI aims to raise
up to AUD$10,000,000 (including KOR’s investment) (Facility).
This binding term sheet from KOR represents a significant cornerstone commitment.
The Company is in active negotiations to finalise the Facility's balance and will keep
shareholders updated as further commitments are concluded.
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