what ever happened to New Technology Capital Group, LLC? LNU...

what ever happened to New Technology Capital Group, LLC?

LNU issued 26,800,000 + 22,222,223 + 28,571,429 shares the them. This amounts to 77,593,652 or 3.4% of the shares issued. But I cannot find them in the Top 20 in the Annual Report; unless they are the 39,255,075 shares held by Citicorp Nominees Pty Ltd (which were not in the 2021 Annual Report).

The Annual Report says the $1,720,000 in shares owing to NTCG is now a convertible note worth $1,243,420. Whatever this is supposed to mean, the Annual Report says:

As the convertible note contains a conversion feature AASB 9 Financial Instruments requires the disaggregation of the equity and financial liability components. The full amount of A$2,120,000 is discounted back to present value using prevailing market interest rates for an equivalent loan, which is estimated at 12%. The fair value of the loan at 27 January 2022 is estimated at A$1,536,904. The difference is the amount that is recognised as equity. A total of A$106,516 represents the unwinding of the present value discount up to 30 June 2022 and is recognised in the statement of profit or loss and other comprehensive income under finance expense.