WOW, you really know nothing about this company, do you? That someone getting the 77.5 mil shares is the billionaire that took over this company with that note. So yes, I think he will convert and own 90% or something of this company. And probably take it private when he drives share price down below .08. And pay all share holders of record the current price of the company stock ( below .08). And there's won't be a damn thing anyone can do about it. He will control 90% of the votes. IMO
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.