Toxic lenders always sell first, then cover with shares from the company and a guaranteed and known profit. Toxic lenders work very closely with particular market makers to give their orders preference. investorshub.advfn.com/boards/read_msg.aspx?message_id=133969546 As of 8/19/2017 there was no convertible debt other than employee stock options and what was contained in the Kodiak 8-K