Like I said, have a look at the table on pg 17 of the notice of meeting (14/6 ann).
3.2B shares issued on top of the 1.6B existing as the rights issue, then shadloads more to be issued to what looks like our creditors.
It seems to me there are a number of 'convertible notes' and 'promissary notes' etc that require us to issue shares to the holder if they convert them. I think there are fixed $ amounts that can be converted into shares at the going price.
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- ayn general meeting - 15 july
ayn general meeting - 15 july, page-18
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Dani Nadri, Country Manager Australia
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