Nice post, but would be nice if you had read and understood what I was saying. There was a link to a call from a board member here... in that call Bob stated that you can not require anyone to freeze a not, or prevent it from being converted. All four note holders agreed to this.
But yesterday one of the note holders did in fact convert and the TA allowed it... my statement was in reference to that happening. Bob was under the impression they would not convert, they told him that...yet they did. So you can not blame him for them converting and dumping today when they said they would not.
As for the rest of your context, maybe new to pink sheets dont know, but I can tell you that notes with 20% discounts and up are not uncommon with stocks on the OTC.
The simply fact here is, this is a trips stock...any one who does not go into this knowing that the odds of success are very, very slim should not be trading at this level. One out of 100 trip stocks ever make it to .002 or higher... I am not fooling myself, I am buying on the risk reward... so again Bob cant be blamed for that hic up... thats the fact to what I said...never said a word about how he should run his business or how he should finance it.
Good Luck To You.