Thanks for the reply. Perhaps I don't understand what it all...

Thanks for the reply. Perhaps I don't understand what it all means. I got the idea from the shareholder update Dec 2006 - It said "the convertible notes will be exercisable at the lower of 9.5cents or 50% of any AIM IPO listing price. In addition on conversion the new shares will be issued with a 1 or 2 option entitlement exercisable over 2 years." So while each note costs $1.00 , doesn't that note convert to 10.526 shares. Now I am not tryig to put a dampener on things. I own heaps of PLT shares, but really what to understand what the impact the convertible notes will have on the company's market value as I would have thought another 60million shares plus options would dilute its value... but perhaps my understanding is wrong.