and the 1.3M due as compensation and expenses to certain directors and consultants. No interest bearing. So ; 1.3M due / no interest 2.27M loan callable (due on demand, not called yet) 2.24M indicated page 12 as due in 2024 0.517M convertible notes with interet 6-15% / conversion price = about 50% stock price (so at 0.008, conversion would be around 0.004 = 129.5M shares to be granted. (not counting the interest) *** 1M in interest to pay : not sure when due.. but to be paid... in some way, with shares or cash.
*** to be crystal clear: The convertible debentures are convertible at ratios varying between 45% and 50% of the closing price at the date of conversion through, at its most favorable terms for the holders, the average of the three lowest closing bids for a period of 5-30 days prior to conversion.