"For the 1st 10 months of the CSFA Lind may elect to convert any outstanding amount into ordinary shares in ANW at $0.035 per share. For months 11-24, Lind may convert any outstanding amounts into ordinary shares in ANW at the lesser of $0.035 per share and 90% of the average of 5 consecutive daily VWAPs, chosen by Lind from amongst the 20 days prior to conversion".
So 10 months after April 20 is February 20, not March 20. And 20 days prior to conversion [Feb 20] Lind, come Feb 20, can convert to shares at 90% of the average of 5 days starting from yesterday Feb the 1st. "Correct me if I'm wrong please"
ANW Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held