>I think it’s time that management explains to its shareholders...

>I think it’s time that management explains to its shareholders what is going on here

Is it not as simple as them shortly being allowed to dilute again?

They were cut off from their preferred method of raising money, sales, ha!, no, I mean, issuing equity, when the ASX slapped them down for doing it too much earlier in the year (see statement from 1st July 2020). The ban is due to expire 14th February IIRC, which means convertible notes and other financial trickery will no longer be required. They have taken a multi-million dollar short term loan at 15%pa to get those notes off the books while the capital raise progresses, so they must have been quite keen to be shot of them.