Convertible Loan Research

I've been doing some additional research on the $2m convertible loan $2m facility the company


First announced to the market 21 September 2017, the company entered this loan cause of delays with getting the JV funds in

Now after further digging around, I found that the entity providing the facility is non other than one of the substantial holders in MYQ.

That same substantial holder, once lodged is notice of sub holders late (became substantial holder 24 March 2017, lodged his notice 4 May 2017), and is also a friend of the CEO (current one, not the one getting paid like a CEO but not really working in MYQ)

There is no mention if he's getting any upfront fee, or if he took advantage of the recent spike in the share price and sold his holding,

All IMO AND DYoR