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The annual report has the answer. If the conversion price is 15c...

  1. Davisite
    19,012 Posts.
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    27/10/20
    16:45
    Post #: 48427841
    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.
    SIS Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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