Indoor Harvest Corp (INQD)

[Alan Brochstein]

It doesn't seem likely that it will default. My understanding is that the company is marketing the Series A Preferred at $0.50 along with warrants at $0.50. The preferred converts 1-1 into common and offers protection against a future down-round. If my memory serves me correctly, the company was previously marketing the preferred at $1 and without warrants when the common stock was about here as well. Much better deal this time, it would seem.