re: convertible notes ==email I don't understand why you are so...

re: convertible notes ==email I don't understand why you are so worry about the convertion price of the notes.

Generally, convertable notes are converted (only if the holders wish to do so) at the price (or average price) at or close to maturity date.

What you should be worrying about is the ability of this company to continue to service its debt and meet short-term working capital requirements. Once they are cash-flow positive, the share price will look after itself. The convertable notes have no bearing on the share price at all in my opinion.

From what I can deduct from the numbers from their financials, this mob is moving in the right direction. However, they are probably now needing some cash for short-term working capital. So it won't be a surprise to see a share-placement at around 17c.

Just my thought.

Cheers