if dmRJ gets paid off they get paid off on principal, not 45 million 8 cent convertibles at market price for the stock. The SP wouldn't rise in a refi announcement because dmRJ would flood the market with 8 cent convertibles for 2 months leading to payout effectively dropping the SP to 8 cents. That would be their 'thank you' for paying the loan back which is why a 2 month notice clause was stupid dumb.
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