Eline Entertainment Group Inc (EEGI)

[JimBobCooter]

It was closer to 250k but it's more how the contracts were written out than what the new company wants. If the debt holders want shares in these situations then they get shares. The negotiations were probably about when the conversions would take place not if. New company likely had no choice whether they converted or not and would rather have the clean books than to have conversions always looming.

Without knowing the contracts it's my opinion but I've seen it in other stocks that are trying to get conversions off the books and they can't because the debt holders don't want the money they want the shares.