Convertible Notes Info, page-2

Hmmm...
For a first post, that was a doozy!
I would have thought that the dilutionary effect of the notes would be factored in by the market, whether or not they are actually converted.  I believe they can be converted at any time, not just at reset.  If I thought I was the only noteholder redeeming, I'd do it.  If I thought it would precipitate receivership etc, I wouldn't.

Top Twenty Convertible Notes
AS AT 31 August 2015

	Column 1	Column 2	Column 3	Column 4
0		Twenty Largest ConvertibleNote Holders	Number ofConvertible Notes​	% of issuedConvertible Notes​
1	1	HSBC Custody Nominees (Australia) Limited	7,348,200	30.94%
2	2	UBS Nominees PL	3,163,928	13.32%
3	3	VSI Hardware PL	870,000	3.66%
4	4	Citicorp Nominees PL	815,000	3.43%
5	5	Aust Executor Trustees Ltd-Charitable Foundation	780,032	3.28%
6	6	Seyma Lederman Private An	750,000	3.16%
7	7	**riel Berger	526,800	2.22%
8	8	Deniliquin Pharmacy NSW PL	417,000	1.76%
9	9	Berger Equities PL	280,700	1.18%
10	10	James Ian Drysdale	250,000	1.05%
11	11	Aust Executor Trustees Ltd-BIPETA	170,448	0.72%
12	12	Rijean PL	154,461	0.65%
13	13	Due DI Due PL	150,000	0.63%
14	14	John Matthew Rogan	150,000	0.63%
15	15	Corinne Calvert PL	150,000	0.63%
16	16	Wayne R & C M James	150,000	0.63%
17	17	Brisan Projects PL	125,000	0.53%
18	18	Yee Teck Teo	120,000	0.51%
19	19	Badgworthy PL	110,000	0.46%
20	20	Yee Lan Teo	110,000	0.46%
21		Totals	16,591,569	69.85%