It's not up to the insiders, its up to the note holders who have the right to convert.
You do not understand how these notes work evidently, the note holders want to get repaid and this is exactly how it works weather the insiders like it or not.
The company agreed to the terms when they made the deal with the note holder, like it or not.
Read the 8K
All my posts are OPINION only. Never buy or sell securities based on my opinion.
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