Ann: Placement to raise A$6 million, page-8

Did I say it was a convertible note?

I mentioned predatory lenders generally, PRR was convertible note example - cherry picking codes as examples of their positive influence on stocks whilst ignoring the general negative trend.

The difference between this deal and a convertible note is that instead of more shares issued with a falling share price as is usually the case with Lanstead, less cash is handed over. At 15.5c vwap what would Lanstead have to pay? A 7c discount? A 26% discount? Who knows. Do they get all their shares up front whilst handing over just $900k?

Maybe shibumi should do some more research on Lanstead's track record.