Looks like it's in their best interests for the share price to...

Looks like it's in their best interests for the share price to remain as low as possible leading up to the AGM.

In the interests of preserving the Company’s cash reserves, the non-conflicted Directors (being Mr Christopher Fong and Mr Stephen Bowhill) consider that it is appropriate to elect to discharge the Loan Facility via the issue of Shares. The right to convert the Loan into Shares is subject to receipt of Shareholder approval, which is being sought under this Resolution.The conversion price under the Loan Facility and the number of the securities to be issued is calculated on a 5 day VWAP, immediately before the 2022 Annual General Meeting.