Looks like they’re getting ready to pay off majority of their notes with the proceeds of the sale of their vessel, which is rare on OTC:
In March 2019, we negotiated a combined settlement for this note 2 with a balance of $315,056 and the non-convertible note with a balance of $632,782, which consists of a $600,000 payment upon the closing of the sale of the Luxuria I and $70,000 six months thereafter.
That’s very good news!