GeoVax Labs Inc (GOVX)

[tradenride]

The CEO also said he had no commitment from the legacy lender to stop converting at 1 milly so this could last through January.

"As of September 30, they still own approximately $2.95 million in “stated value,” which is the basis for the number of common shares into which the preferred shares may be converted. We think their goal is to exit or wind-down below $1 million by the end of the calendar year, but have no arrangement with or commitment from them to that effect. Their circumstances and plans are subject to change at their sole discretion."