These notes have been mentioned in all past filings and most investors here still decided to invest in STLK based on the PPA in the past despite all these convertible notes.
The issue is the PPA hasn't been signed as of yet and the CEO needs to address this as this is the CATALYST for this stock, right now the financial statements mention this:
If you notice, since Dec 2013 the NEW convertible notes were the following since then:
Convertible at a 42% discount of the lowest three closing prices during the 15 trading days immediately preceding conversion. Note matures in October 2014 and bear an 8% interest rate. 42,500
Convertible at a 42% discount of the lowest three closing prices during the 15 trading days immediately preceding conversion. Note matures in December 2014 and bear an 8% interest rate. 32,500
Convertible at a 50% discount of the lowest of any day during the 15 trading days immediately preceding conversion. Note matures in March 2015 and bear an 8% interest rate. 21,500
Convertible at the greater (a) $0.015 or (b) at 50% of the lowest closing bid price during the 30 trading days immediately preceding conversion. Note matures in September 2014 and bear a 10% interest rate. 25,000
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