The ASX Casino - Weekly Shell List, page-49

SXT seem focused on raising substantially higher than the current SP and people seem to be willing to accept repayment of loans well above the current price. Am I missing something?

1 Assuming that MG Noteholders and Stratum shareholders agree to reduce the face value of the MG Note
and convert at a 20% discount to the Capital Raising price (assuming a Capital Raising price of $0.02 per
Stratum Share) together with one free attaching Stratum Option (exercisable at $0.02 on or before 29
February 2016) for every two Stratum Shares issued. This value assumes that 6 months interest has accrued
under the Mt Gold Note prior to conversion.
2 Stratum has been granted loans to the value of $150,000 (Stratum Loans) which will convert at Settlement
into Stratum Shares together with one free attaching Stratum Option (exercisable at $0.02 on or before 29
February 2016) for every Stratum Share issued. The Stratum Loans accrue simple interest at a rate of 1%
per month. This value assumes that 9 months interest has accrued under the Stratum Loans prior to
conversion.​

3 Assuming a Capital Raising price of $0.02 per Stratum Share.