Finjan Holdings Inc (FNJN)

[Det_Robert_Thorne]

It was stated in the DEF14 filing, jagz

The following statement was on page 16 the DEF 14A that was filed on April 30:

As stated above, it is likely that the holders of the $3.4 Million Notes will begin to convert the $3.4 Million Notes into shares of our common stock as soon as July 3, 2012, which will result in a significant number of shares being issued and will result in significant dilution to our shareholders.

http://edgar.sec.gov/Archives/edgar/data/1366340/000119312512196470/d336531ddef14a.htm

Iroquois Capital is the company that has bought (and continues to buy) the notes.

Of course, if by some chance VRNG's stock price suddenly rises a large amount, it's possible that COIN could stop issuing further notes and repay the issued notes with cash.