The annual report has the answer. If the conversion price is 15c I don't think we have much to worry about in the near future.
In February 2019, March 2019 and May 2019, the Company raised $650,000, $285,000 and $100,000 respectively by way of unsecured convertible notes. The notes are convertible on or before 31 December 2021 at a conversion price of 15 cents and bear interest at 10% per annum.
Ann: Quarterly Report and Business Update, page-12
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