Ann: Appendix 3B - Convertible Notes, page-6

Anyone else find that USD$950k rollover interesting?

Initial loan (i.e actual money received for this) was USD$500,000 less then 12 months ago... its now been rolled over so many times it has a convertible note value of $1,140,000 (which can be converted at a 10% discount)

Plus refinance costs of USD$119k for the recent rollover.

So USD$500k received less then 12 months ago is now costing up to USD$1,373,000 to repay

Some people are getting rich here and it aint shareholders.