Here it is Straight from the PR -
"In addition, during the first quarter, the Company reached an agreement with a debtholder for the exchange of a $1.2 million convertible promissory note for common stock purchase warrants at $.25 per share, shifting the debt to equity. With now less than $2 million in overall notes payable, the Company has taken a significant step forward toward improving its ratio of assets to liabilities, reducing its debt service, and improving its overall financial metrics."
KEY WORDS ARE SHIFTING DEBT TO EQUITY!!!!! Something I believe people are not understanding.