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You know they are called convertible notes because they can be...

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fabspro

507 Posts.

106

07/03/24

23:40

Post #: 72804007
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Originally posted by Shortblack: ↑

The most urgent requirement for the company is to secure an extension to the maturity date of the convertible notes it issued to Fred and other "sophisticated investors".
The fact they didn't achieve that by the time the preliminary final report was issued leaves the impression that Fred and/or his mates want their money back on 30th April. This will bankrupt the company.

This is why the next most urgent requirement for them is to obtain enough cash to cover those debts that can't be extended + a little bit of working capital.

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You know they are called convertible notes because they can be converted into stock, right?

AKP Price at posting: $6.20 Sentiment: Buy Disclosure: Held
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