Well that should sort out the cash position which means there should be no issues funding the remainder of the trial.
If the maximum amount is raised all notes are convereted it would increase the SOI by 38m. If the oppies are converted it would increase the SOI by 30m (and add $1.52m into the bank account)
Not a bad outcome, and great to see Mike Steward show his continued support.
There were only 701k convertible notes that were paid back at June 30 so they have increased the amount by $50k. I have problems with that.
EMS Price at posting:
1.5¢ Sentiment: None Disclosure: Held