FONU2 Inc (FONU)

[Realityhurts]

Well, they had better find a major source of financing quickly then. The 6 month window is opening now and, a lot of debt will be eligible for conversion at onerous discounts over the next 6 months. Lenders almost always opt to begin converting after the 6 month period is over. The discount is how they make their money.

Even if FONU finds a fresh source of funds, without looking at the financing agreements, I'm not sure that it would matter. Depends on whether prepayment is an option.