MyDx Inc. (fka MYDX)

[Huggy Bear]

If these shares converted were already distributed to the market then it was illegally.

I suspect the note holder knows Rule 144.

Holding Period. Before you may sell any restricted securities in the marketplace, you must hold them for a certain period of time. If the company that issued the securities is a “reporting company” in that it is subject to the reporting requirements of the Securities Exchange Act of 1934, then you must hold the securities for at least six months. If the issuer of the securities is not subject to the reporting requirements, then you must hold the securities for at least one year. The relevant holding period begins when the securities were bought and fully paid for. The holding period only applies to restricted securities. Because securities acquired in the public market are not restricted, there is no holding period for an affiliate who purchases securities of the issuer in the marketplace. But the resale of an affiliate's shares as control securities is subject to the other conditions of the rule.

https://www.sec.gov/investor/pubs/rule144.htm

All Convertibles are either paid off, cancelled, converted, or finishing converting right now.

Not exactly accurate.