Top 20, page-7

Have a look at the last 3B released. Check out the issued but unconverted note values on page 4 and add up the $USD value which equates to nearly A$300k unconverted. Also check out the last conversion price of less than 0.6c based on the lowest of 5 days prior vwap (assume 30th March, 15% discount to 0.7c).
Conversion is at Magna's request based on what was released to the market unless there's been an update to the conversion terms since original announcement which I missed MNQ can elect to repay Magna at 15% premium. The lowest vwap in the past 5 trading days was April 8th 0.8c. If Magna elect that date new shares could be issued at 0.68c, up to approx 44m if converting all using $300k figure. Then there's another 3 lots of $US69K to come each month before the Magna facility runs out.