Will 2019 be a year of deliveries for AEB?, page-7

Are you referring to the convertible notes where shares are issued as repayment / conversion?


This was dec report for last drawdown

I'd have to check an old file but often there are conditions on conversion/ drawdown 

• Drawdowns
o $1M 5 days after entry into the agreement
o $1M 5 dyas after shareholder approval of all securities which can be issued by the Company under the agreement
o $2M upon the first sale by the Company of nutraceutical algae oil and the receipt of all necessary ASX waivers
o $3M upon the first sale by the Company of a new algae product or algae to a new market and the receipt of all necessary ASX waivers

If you are really interested in micro small caps and they are issuing C/N you need to run a spreadsheet and tick off every drawdown and keep confirming conditions of issue be they date or achievements etc.  Only then can you see if they have chosen not to draw money or not actually met conditions of possible drawdown sort of like a covenant at a bank.

Recent issue of shares from dec 3b

236,578 Shares (25/01/18)
2,062,500 Shares (25/01/18)
5,000,000 Shares (25/01/18)
62,263,422 Shares (25/01/17)
7,500,000 Shares (16/02/18)
134,890,940 Shares (03/04/18)
6,547,619 Shares (14/06/18)
2,719,283 Shares (17/07/18)
4,891,741 Shares (31/07/2018)
2,040,816 Shares (25/06/2018)
2,923,977 Shares (10/08/2018)
5,724,530 Shares (28/08/2018)
7,252,936 Shares (17/09/18)
7,425,936 Shares (17/10/2018)
15,425,607 Shares (19/10/2018)
1,143,790 Shares (13 November 2018)
19,556,716 Shares (6 December 2018)     MEF I LP as announced on 8 June 2018