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Just spoke to Adam, ELF is not scrapped ! I think the option C...

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    Just spoke to Adam,

    ELF is not scrapped ! I think the option C is to encourage option holders to convert sooner. Anyone converting before the deadline will get the option C. Anyone paying the interest and waiting to convert later down the track will not get the option C so I assume they get diluted by not receiving the option C.

    existing shareholders and those converting now will not be diluted as all get the option C's
 
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