That note was sitting on the books when Dequn Wang bought the shell. It either had to be paid off or converted. Conversion does automatically mean there is any scam. We will see what they are worth when the annual audited consolidated financials come out. They may be worth even more than you say, so why would he sell them for 5 cents.
GLTY, though, and to all the longs.
STILL PATIENT, LONGER, STRONGER, GOLDEN AND SOON TO BE RICHER!