I can't imagine but the convertible note holder will try and make a quick buck and flog 16m shares on market. Short term pressure to downside especially since they were converted at 3c. Opportunistic cash grab and he can sell down all the way to 6c and still be happy as he is effectively doubling his money. He only applied to convert them today so the shares will be available for from next week. I'd hold off on buying until seeing how this pans out. Good story though.
Ann: Partial conversion of convertible note, page-41
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