Kibush Capital Corp (fka DLCR)

[Gatsby]

8 outstanding promissory notes issued by Kibush in the past and assigned to Warren Sheppard have been consolidated in one new note.

The 8 notes had a total of : principal USD 920'328 / interest due USD 438'364 = TOTAL 1'358'692
You can find the details of the 8 notes at the bottom of the agreement in schedule 2
Direct link to the agreement filed :
https://www.sec.gov/Archives/edgar/data/1614466/000149315220000895/ex10-1.htm

The new note is not convertible. It means the debt can not be converted into shares. Kibush can not pay with shares.

These are the fact.
The reason behind that... for some, part of a huge scam, for others, part of a restructuration taking part since a few months.

Kibush wanted to make a new offering of shares a few months ago, then revised the number of shares, amount per share, then did not implement it.
Some will tell you this is because it is a scam, others because they are restructuring and revising the full situation.

This is pinkyland, so everything is possible