Sanomedics International Holdings Inc. (fka SIMH)

[DaReal]

The Lenders can't hold more than 4.99% of the O/S at any time.
So they can't convert all at the same time and they won't.
Why should they?
Just lookup the Converted Redwood shares in the last 10Q:

From October 1, 2014 to November 10, 2014 the Company issued Redwood a total of 34,222,678 shares in connection with the conversion of $451,982 in convertible debt held.

Means they got their shares at an avrg of 0.0132 between October 1, 2014 to November 10, 2014.

Lets look at the closing prices for that Period:

Date Close/Last

11/21/2014 0.018
11/20/2014 0.0184
11/19/2014 0.0165
11/18/2014 0.0195
11/17/2014 0.021
11/14/2014 0.0254
11/13/2014 0.028
11/12/2014 0.016
11/11/2014 0.017
11/10/2014 0.0203
11/07/2014 0.02
11/06/2014 0.022
11/05/2014 0.0225
11/04/2014 0.0255
11/03/2014 0.0265
10/31/2014 0.026
10/30/2014 0.028
10/29/2014 0.032
10/28/2014 0.0354
10/27/2014 0.041
10/24/2014 0.054
10/23/2014 0.048
10/22/2014 0.054
10/21/2014 0.066
10/20/2014 0.0629
10/17/2014 0.098
10/16/2014 0.084
10/15/2014 0.112
10/14/2014 0.102
10/13/2014 0.34
10/10/2014 0.16
10/09/2014 0.015
10/08/2014 0.02
10/07/2014 0.023
10/06/2014 0.022
10/03/2014 0.035
10/02/2014 0.04
10/01/2014 0.085

http://www.nasdaq.com/symbol/simh/historical

Looks like as they made some pretty decent money in that time frame... based on the avrg conversion price eh?
Even if they are still holding some tehy are still green!