VNL 7.14% 10.5¢ vinyl group ltd

Aren't the number of Options exercised contingent on the number...

  1. 31 Posts.
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    Aren't the number of Options exercised contingent on the number of shares issued from the Principal of the Note? Or you're saying they get extra Options to match the Interest on the Note too? To me it looks like $3m worth of Options, converted at $0.021 (or less than that, if they only convert some of the Notes).
 
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