I'd guess the note will be paid off with cash in lieu of conversions.
The timing of the installation completion was May 22. The note was done on May 20. I think they now have enough cash to pay it off.
I have my guess what's going on and it's not the doom and gloom I read on here. I'll keep my thoughts to myself from now on after some of the BS I read after I posted what I thought was going to happen. And some of it did happen. Some may happen. And what I think is going on will be revealed in time I think.