i believe we identified the note as being sold by Capersia to Seven Palm and Cascata, by Peter Jacobs who owns Capersia, which still maintains a 10,000 share stake (split-adjusted from 1m) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43812830&txt2find=brother and the post it refers to, and posts surrounding that.. so i believe the note is in friendly hands, friendly to Jacobs at least who is still holding into next year by agreement. I think you're making a mistake to assume full issuance to the A/S limit of 100 million is automatic. Furthermore 9.98% of 100 million is 9.98m.