you missed the private short term loans at 15-20% pa, plus the options when working out the total cost to the company and dilution m
interest is paid up front by offering the notes at 90c for $1 value.
as for the rollover. the details are so vague as to be worthless in the announcement
the interesting part is that the company has the option to repay the CN vs converting it to xx shares at face value. you rarely see that.
the other advantage for the company is this round of CN are unsecured unlike the Lind/CST arrangement
once you add in the extra shares required to pay out the default on Lind/CST loans, + additional fees and interest to Everblu that 21.1% works out to be a LOT more.
as always DYOR
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