Lingerie Fighting Championships Inc (BOTY)

[Sobek]

All companies convert stock. From the NYSE all the way down to no info grey markets.

In this case, the company would issue shares against their debt corresponding with the pps at the time of issue. Then it's up to the noteholder to decide when to sell. They can hold for higher profits or they could just dump.

So far what I've witnessed is noteholders are not that aggressive and are allowing the stock to 'breath' and inch it's way up.

But bottom line is the conversions are out of the CEO's control. About all the CEO can do if they do get out of hand is call them up and ask them to back off.