That's how I interpret it too Meric..not sure if we are right. If we are, then we can't have paid the $2.5 mil back as the company expected to (as per my earlier post quoting 31/12/2017 interim, citing 15th as the maturity date). Now the ball is in the other court until the 25th. Given that we expect to make $8 mil. net next year this isn't the best position to be in. Happy to be corrected by someone with definitive knowledge on the Convertible Notes process, but personally I would have preferred the company do what it said it was going to do by the 15th, and repay the note, or at least inform shareholders of the position.
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