Also converting early actually helps the company (and hence your investment) Overall the company will receive around $50M AUD from the options between now and 2023.
With these funds they could do many things. Some that come to mind:
- Progress Nachu and potentially even start ordering long lead time components
- Have enough working capital for a very long time delaying any future CR / Hire more staff/SMEs
- They could put some of it towards progressing Townsville
- Maybe increase our stake in Im3NY or C4V
- and probably many more other options
Also converting early actually helps the company (and hence your...
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