Ann: Notice of Extraordinary General Meeting/Proxy Form-CM8.AX, page-8

'Convertible Note finance is last resort stuff .. ask anyone

IMO

Fully agree Oztrader, CN's are usually a last resort when all other possible avenues have been exhausted

I have seen many CN's disasters over the years


From EGM announcement

'Specific information required by ASX Listing Rule 7.3 In accordance with ASX Listing Rule 7.3, which contains requirements as to the contents of a notice sent to Shareholders for the purposes of ASX Listing Rule 7.1, the following information is provided to Shareholders: Maximum no. of securities to be issued The Convertible Note has a principal face value of EUR 11,828,005 (which is equivalent to approximately AUD 17,599,361.76 at the Exchange Rate), and the total subscription price to be paid is EUR 10,805,000 (which is approximately AUD 16,077,191.70 at the Exchange Rate).

The theoretical maximum number of Conversion Shares which may be issued in relation to the Convertible Crowd Mobile Limited | Extraordinary General Meeting 2016 7| P a g e Note is 188,664,666 Shares. Interest Shares may also be issued by the Company in payment of interest on the Convertible Note. ''