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Wednesday, December 02, 2015 9:23:14 AM
Per the recent 10-Q, the notes were issued in several tranches (portions) between May 16 and Oct 1. Here's how they're described on page 14:
http://www.sec.gov/Archives/edgar/data/1510964/000101968715004130/cannavest_10q-093015.htm
So there are four tranches of $510K each, with the fourth split into two parts, totalling $2.04M. Since they talk about a total of more than $6m, it's possible there will be future tranches.
Each portion (or subportion) is eligible for conversion six months after its issued.
#1 $510K May 19 note became eligible on Nov 19
#2 $510K June 12 note becomes eligible on Dec 12
#3 $510K July 24 note becomes eligible on Jan 24, 2016
#4A $255K Sept 16 note is eligible on March 16, 2016
#4B $255K Oct 1 note hits eligibility on April 1, 2016
So it's probable that except for February, 2016, new conversions will hit CANV every month, for the next five months.
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