Hi asf,Found the agreement and here is the deal based on my...

Hi asf,

Found the agreement and here is the deal based on my figures in the previous post.

If average CRE share price is above 5.9c for five days prior to conversion, notes are exercised at 5c with one option for every two shares issued.

Result for this would be 260,000,000 CRE shares issued with 130,000,000 otions at 5c attached.

If as per scenario average CRE share price is 5.5c for five days prior to conversion, result would be 278,074,866 CRE shares issued with 139,037,433 options at 5c attached.

From this you can see that the CRE share price in the period leading up to conversion will determine how many CRE shares FML will end up with.