Ann: Convertible Noteholder Seeks Early Redemption, page-6

Good point RCee that the maturity date is in 9 months time.  Must admit I had made the assumption that they would roll over some or all of the notes to save making such a large payout this calendar year.  The Notes have a Face Value of .11c and what is the Share Price now, ok it has just dropped below .09c.  At maturity, the notes will be paid out at Face Value plus outstanding interest.  So, it does not appear there would be a Capital Loss for investors, just to opt to get cash face value back rather than convert to shares, which are out of the money.  The gain of 11.25% interest is not a bad return.