Does anyone know if BTV can still convert the notes to shares as...

Does anyone know if BTV can still convert the notes to shares as section (b) states if WME raises no less than 2 mill in any single capital at anytime prior to maturity date the voluntary of shares potentially issued will be cancelled
The voluntary escrow of the shares potentially issued from the conversion will be
cancelled if:
a) The Volume weighted average trading price of WME’s shares listed on the
Australian Securities Exchange being at a minimum price of $0.22 for a
period of five (5) consecutive trading days; or
b) WME raises no less than $2,000,000 in any single capital raising (not
including any amounts raised from the issue of any convertible notes) at
any time prior to the maturity date.
c) More than 50% of shareholders in WME accept a takeover bid.
d) Approval by the WME Board