Ann: Appendix 3B - Convertible Notes, page-13

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MeToo

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28/03/19

13:50

Post #: 37914439
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Originally posted by 82Punter ↑

Except that MeToo's post was in relation to the inconsistency between the announcement on 7/3/19 and the half yearly:

"
Quote - “The US$5 Million payment was financed by the issue of convertible notes totalling US$5.7 million as disclosed in note 1 of the half year Financial Report.”

Quote 07-03-2019 - A bit contradictory?

”This alternative funding was secured through a US$4.75m facility (“MEF/Riverfort Facility” with MEF I, L.P and Riverfort Global Opportunities PCC Ltd (together the “Investors” and has now been received.

An additional US$0.25m was also obtained by the Company under the same terms via an unrelated shareholder of the Company, Temorex Pty Ltd.”

The above total = us$5M

As per 6 monthly there is US$5.7m in notes.
"

Where MeToo was saying the too were contradictory. However, we now know that they're not contradictory as the 7/3/19 announcement was ONLY with respect to the alternative funding for the A-K acquisition and the half yearly contained the additional con-notes issued to rollover the US$950k as well.

Seems the mud has cleared, but the sharks are still circling at the moment...

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Partly correct, but not worth going into as we now know the answer!

https://hotcopper.com.au/threads/ba...674233/page-575?post_id=37906276#.XJw17qTZWEd

VEC Price at posting: 1.0¢ Sentiment: None Disclosure: Not Held
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Ann: Appendix 3B - Convertible Notes, page-13

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