It is
The treatment of the conversion shares can be equivalent to the underlying, or they can be dilution protected. It may be written into the notes, it may be on a handshake. This is the OTC
Dick Weed, super lawyer to the pennies, once "accidentally" owned 90% of Ingen technologies, one of his clients.
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,