They’re two completely different loans so the interest of the Everblu short term loan isn’t in addition to the interest on the convertible notes. It’s still approximately 20% across the board.
It sounds like they may be using the Everblu short term loans to pay the upfront interest on the convertible notes. What do you reckon?
Its hard to put a cost on the options, as they’re currently trading at a premium. Although if they’re still trading at a premium when the options expire, then that will he very disappointing!
Very interesting having the option to repay the convertible notes via issuing shares. Good for the company, not so good for the investors?
Ann: Netlinkz to Raise up to $18m to Strengthen Balance Sheet, page-14
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