Lol, read the announcement more carefully, it’s not a note, it’s a note deed. No named holder because there may not be one yet. In effect, another 200m options capable of being allocated and exercised over the next 12 months but parking the right to buy at 0.001 the next time rule 7.1 allows, which will be 14Jan22. Very slick, maybe too slick. Disclosure.... I hold no notes nor do I intend to. A ‘Short and Distort’ is usually followed by a ‘Pump and Dump’ and it’s usually done without non-participating shareholders capable of picking the timing. If you wanted to dump 200m shares in the next 12 months and then could pick them up at 0.001, what would you do? Assuming the process was legal, of course. Further disclosure, I hold 200m shares, restricted until July 7 ‘21 I believe.
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