The $2.5M face value is good, given that my understanding is that La Jolla Cove offers min $5M, so whomever negotiated that into the deal should be at least thanked for not creating a bigger potential dilution.
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Well summed up Fozhard.IMO this C/N is a much better deal than the last one.
convertible note, page-6
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Last
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Change
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Mkt cap ! $9.515M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $297 | 79.57K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
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Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 14484105 | 27 |
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| ECT (ASX) Chart |