Convertible Notes, page-8

Yeah, the issue of Armour's Convertible Notes has been raised previously, but it deserves it's own thread, well done.

Apart from the funds raised to deliver the lifeblood of working capital to keep the Company operating, the Convertible Notes also act as an obstacle to a takeover attempt, during this Company's development phase. Unfortunately, the Notes also are an obstacle to SP growth.

As I mentioned earlier, I would love to see these Notes paid out and off our books, and it should be a priority for us next year IMO. As has been pointed out above, the Notes are a drag on our Capital, Debt, Income, Profitability, Share Price etc etc.

I was predicting good growth in our sluggish SP next year when these Notes mature. Admittedly, I have assumed we will repay the Capital and cancel the majority of these Notes. Armour would have earned a fair bit of coin by mid to late 2019, and there is an opportunity to get rid of these Notes - and the hefty 15% rates.

GLTH