Ann: Appendix 3B, page-3

"Pricing the stock to mkt what is the effective cost of each dollar borrowed?"
Allot, Over and Over again. "The Very Minimum For Lind = 17.5%

Lind 10%, on convertible note
Conversion for convertible securities is 92.5% of 3 consecutive days in the past 20 days VWAPs (chosen by investor)
The latest conversion also scored them another lazy 16.5% on top.
So Lind are doing not to bad out of all of this.
ATM interest on Lind $11 mil draw down at 10% = $3,013 per day interest

Interest on the R&D loan facility Brevet Capital Management is 14%
ATM the Brevet is costing 14% on 13,500,000 = $5,178 per day interest

So excluding the 6.99% on equipment finance and the insurance premium funding interest rate of 3.3%
So Weekly Interest Clocking up between Lind and Brevet = $57,337

All the above is in the below.
https://www.asx.com.au/asxpdf/20180316/pdf/43sj1kf4pxn9yb.pdf


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