On December 31, the company converted about $1.57M in debt at a conversion price of $1.04 per share. Better than half of that debt was indirectly held by insiders/directors or people/entities who are closely-connected to the company and already have equity positions in FZMD. The other portion of the debt belonged to privately-held World Health Industries.....
IMO, this debt conversion coupled with statements in the last quarterly report probably bodes well for some type of movement/development regarding the FZMD stock in calendar 2015.....
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