Minimum report What we know is 7m notes converted into 15 m new...

Minimum report

What we know is 7m notes converted into 15 m new shares 2 for 1 ratio

Conversion price .71 cents

Missing from the report
The amount the company raised
So we don't know if all of the 15 m shares paid 71 c per share

Why would the note holders pay .71 when they could just buy shares at .08 cents on the market ? They wouldn't
So the report fails to mention how much cash was raised which would provide the answer that we need to know if this is a good deal for all shareholders .

Within 3 days we should know if any of the existing major shareholders are also note holders as substantial shareholder notices need to be filed.

Company really need to be more transparent with their shareholders