CD note holders have to be happy that they were able to convert and distribute their shares into actual cash. The more of that, that occurred over the past few sessions, the better it is for the company because they no longer have to service this debt out of proceeds garnished from the sale of The Luxuria. They may in fact be able to lower the sale price for a faster sale because they no longer owe all of this debt.
Please read the September 2017 press release Kama especially near the end. This CEO is in the business of building and then selling luxury vessels. Look what happened to the share price when the last vessel was sold
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