TPW 1.65% $11.74 temple & webster group ltd

what is the bottom?, page-34

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    "There is no debt..."

    They have $4m worth of convertible notes with face value of $1 each. They mature in May
    See note 13 of the accounts.
    At curent prices of 20c, those notes would mean another 20m odd shares issued real quick.
 
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