BCI 4.08% 25.5¢ bci minerals limited

I am guessing that a convertible note means that a percentage of...

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    I am guessing that a convertible note means that a percentage of the company is a number that still has not been agreed upon, which is why ambiguity remains around actual numbers? Or is there ambiguity? Finance and law talk is purposely dyslexic. Geology is so much more straight forward.
 
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