Shareholder Action, page-58

This in not a CR but these are secured debts which shareholders have to vote on the conversion price but we do not have any say over the fact that the company has gone to great lengths to make sure that these debts are all secured. So it is far worse than a capital raising and that is why there has been no AGM and no one would be able to validate this.

The 5 for 2 is virtually useless with so many SECURED con notes out there and since October you can bet they there are a lot more