Does the company have to give the note holder permission to...

Does the company have to give the note holder permission to utilize the 15% capacity ? when exceeding the floor price of approved note terms ? Or was that an excess after the event of the note holder eroding the collateral shares. ?

were they in what manner appraised of, or monitoring the drain on collateral shares ?

Anyone on speaking terms with Brian want to get a please explain ?
Because we all know what happened next. No halt, and train wreck.

By whatever means, the note holder surely would have to give advice to the company of its conversions ? Or the registry give notice of movement of stock from either new issue or collateral share movement ?

And when that was below 1.5c, a halt and CR should have curtailed this train wreck to 0.4c ?

I dont know the answer to these, and why there is a ??