PAX 0.00% 1.2¢ panax geothermal limited

William,The difference is that there is never a point in time...

  1. 4,358 Posts.
    William,

    The difference is that there is never a point in time where there is an actual loan. There is nothing that is being converted.

    The arrangement is simply this. PAX issue shares to Deer. Deer pays consideration.

    I may have oversimplified the above, and happy to be corrected
 
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