there is another possibility.
there are 164 million o/s as of 4/20/15. how many millions of shares have been converted since then? of those, how many millions have been sold?
also, as per uspr's last 10Q, they have approximately $1.5 million in converts on their books.
so let's assume the convert holders are friendly with pane. and also they want pane back. and that we don't know the terms of the converts, but usually most converts have a 50% discount.
there would be nothing stopping the convert holders from converting it all now and adding to the pane cronies total %.
plus, there are 10 million preferred outstanding. how owns them? pane? what are the voting right for the preferred?
like i said, this has the potential to get really messy.
This post is my opinion and should not be used as investment advice.
