Also for clarification.......the announcement of 31st October 2018...page 10...all should read
"Octaganol has the right to invest another $1m in the Company on the same terms "
and at end of page
"The Company has retained the right to issue convertible notes to a total value of $4m exclusive of the Octaganol rights"
In other words the Company has lined up convertible notes to the value of around $7.2m...2 billion shares
which would mean the note holders own the company.
So when shareholders have thought that the company is paying down debt they have been busy writing more debt @.35 cents and with security.
This rights issue was/is a farce and has been set up to allow the note holders to take over the company
CTL Price at posting:
0.9¢ Sentiment: None Disclosure: Held