series 2 c/n's expiry date 31 dec 2013 ?, page-2

acreage nope

Conversions THIS YEAR have been series 1, 2 and 3, oh yeah plus all the Lind tranches, up to no 5 tranche now.

BUT, on the 9th December there were still 4,120,000 Series 2 notes left
(face value of $0.05 and maturity date of 31 December 2013, can be converted earlier at 85% of 10 day VWAP. Interest is payable at 11% pa payable quarterly in arrears)

No notification that I remember as yet that these have either been converted into shares, or the interest paid in $'s or shares, or the holders given a few cartons of beer in lieu


And behold then they did the opposite of conversions they issued 4 mil new series 4 notes, that's $200,000 worth, and if conv. these at current state would add on over 235 million new shares
Then also adding on only the series 2 notes on when converted (if ever by the looks) adds a half billion shares on, we're forgetting about series 1 and 3 and Lind tranches and (laugh) oppies.

Laughable really, some speccies only have around the 500 mil shares in total, and here we have $200k of the new series 4 and $206k series 2 notes adding on this number of shares at the current SP,

BTW the new series 4 issue -
for what reason?