With a con note I thought that the interest was accrued and then turned into equity at the end?
So we will have access stright away to the 5mil less 5% establishment fees.
At the conversion date we will issue equity to the value of the note + interest for what ever the SP is at conversion.
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- Ann: Strategic investor provides DW8 access of up to $10m funding
Ann: Strategic investor provides DW8 access of up to $10m funding, page-27
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