re: convertible notes and placement- mycontacts The Convertible...

re: convertible notes and placement- mycontacts The Convertible Notes are due to be paid out at the end of this month and that was always the case.

One might now assume that the Note Holders can convert to shares at 20c or take their 'loan' repayment.

The company can approach it 2 ways. It can try and get cheaper finance elsewhere or it can issue shares to the value preferably into strong hands.

Me? I would prefer that the company do a placement and replace the debt with equity.

When one takes a position in a small tech the future will always be capital raisings if the company is to grow. Shareholdings always get watered down but enjoy growth.

Not much point in having one MacDonald's restaurant in the country.

I am happy if the company can get rid of the debt rather than perpetuate it. The notes are not that far below the convertible level anyway. A good chance to get some new money into the company.