ProMIS Neurosciences Inc PMN

Derivative Liability of $11MM?

[Bookworm28]

Just looking at the March 31, 2021 financials. What is the $11MM liability in their balance sheet, for derivatives? Then, is looks like a $7MM loss, and further down, it's a plus in their cash flow? 

It looks like a $7MM accounting exercise more than an actual loss or gain? Is this correct?

Thanks for helping out. It doesn't appear to be material. Just seeing if y'all agree.

[M101]

Google debenture financing for the book keeping requirements, you'll see how it creates a derivative and why it requires less than obvious entries across the balance sheet and income statement.  Where has Actuarial been recently?