Q, once again you are being deliberately misleading.
Firstly, you cannot possibly know what each individual reading or posting here is assuming - yet you state this as a fact - have you added mind-reading to your capabilities?
Secondly, yes it is a possibility that JGB could receive shares for well under 14c, but that will only be in the event that the company (i.e. CM8) decides to make a loan principal or interest repayment in a situation where that 3-part formula leads to a price that is under 14c.
Thirdly, once the conversion price is set by today's closing price (and the agreement is ratified by the EGM) then the only price JGB will pay for shares for any part of the loan that it elects to convert will be that 30% premium to today's price.
Those are the realities. but again, you know that.
Cheers, Sharks.
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