Ann: Conversion of $12m debt into non-voting Preference Shares, page-3

I suppose this is the main takeaway...
" The level of debt in the Company is almost twice the current market capital of the Company
and as such is in the Board’s opinion unsustainable. The conversion of the debt will reduce
the debt due to Freefire to a maximum of $2,908,112 (excluding any interest accrued from
today). If the $1.5 million facility as announced on 2 August 2018 is fully drawn, it therefore
places the Company in a sounder financial position"
NOW, where's the GOLD??