Ann: Straits executes agreement to restructure Convertible Notes, page-3

yes... same as my calculations:

(7 - 1.0472 ) / 245 = 0.02429 ~ 2.4c per share...

if this is true, this is awesome... instead of a billion shares, this is just a quarter of that... or is it too good to be true? I never trust my numbers but if you came up with the same figure @rocket973 I think I am on the right track for once...