Ann: Change of Director's Interest Notice, page-2

On 1 Aug 18. 

112,000,000 convertible notes issued at 0.005/note at 15% interest/12 months, interest paid six monthly - so would presume the first interest payment due shortly. 

Wonder if they are going to use cash from the further 400,000,000 convertible notes issued in Dec 18 with the same terms.

to me that's 512,000,000 notes getting 15%..and if they use notes or cash from notes to pay interest, thats compounding of interest.

notes are also secured against assets.