Anyone have a clue about the conversion price of the accrused interest due?
Further, as of May 5, 2015, our obligation to DMRJ for accrued interest under these instruments approximated $12,191,000.
Unregistered Sales of Equity Securities and Use of Proceeds
On March 31, 2015, DMRJ converted $195,000 of the accrued interest owed by us under a promissory note into 2,437,500 shares of our common stock, at an adjusted conversion price of $0.08 per share. The issuance of these securities to DMRJ is exempt from registration under the Securities Act of 1933, as amended, pursuant to an exemption provided by Section 3(a)(9) and/or Section 4(2) of the Securities Act.
"Under a promissory note..."- Huh?
