Just looking at the Magna con note terms and it would seem that...

Just looking at the Magna con note terms and it would seem that Magna have some significant incentive to see MNMOC go unconverted as they would probably then get tapped for the November and January tranches at $0.007/share.

"The Company has also secured a further $1.5m funding from MEF I, L.P. (‘Magna’) via a loan note
and convertible note facility, of which $0.5m is immediately available. The remaining two
tranches ($0.5m each) are available at the election of the Company in November 2017 and
January 2018"

Will we see an effort to keep a lid on SP below $0.015? Do Magna have enough ammo to play that game?

From a dilution and cashflow aspect, existing shareholders best interests are served by conversion of MNMOC but possibly not new sophs. Could be an interesting battle...

PP