Vape Holdings Inc. (fka VAPE)

[The Poor Little Rich Boy]

I applaud you for positive thinking, but the debt's not paid, and won't be for a long time. There is a 6 month hold over period for the convertible debt, then the conversions will resume. Only difference is that is only 1 holder not several. That doesn't mean anything about the rate of conversions, just that there will be less competition for the dilutors in the market.

He probably takes his pay in common shares because the company probably can't afford to pay him in cash. Plus he believes in his company in the long run.