Convertible Notes are a financial vehicle, or contract, for the issuance of shares between two parties.
With regard to the proposed Series 3 CN's, there are various 'triggers' which can ultimately effect the number of shares BCI will be required to issue. These triggers and various scenarios are detailed within the company's EXPLANATORY MEMORANDUM TO SHAREHOLDERS (from Page 30), not so much the Independent Expert's report
So its potentially a bit of a moving feast @badinvest as to how many shares BCI will ultimately be required to issue to AusSuper.
Not the answer you are looking for I know, but it's simply not an easy question to answer, due to the complexity of the CN agreements and the fees and interest charges that may apply, thereby increasing the number of shares.
Cheers.
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