The debt was peanuts & has been converting since early December. http://www.otcmarkets.com/stock/VICT/news/VICTURA-CONSTRUCTION-GROUP-REMOVES-DEBT?id=177124&b=y My guess its very close to done if not already done. I saw no evidence of conversions on Friday This tells me that they are either done or they plan to sell whatever is left on the way up. Which is why we got the Asset PR