Henry wants to buyback stock as low as possible so letting the Note holder convert is ok with him as long as he has the funds to buyback those additional shares IMO. He would like to make a deal and buyback the shares at a discount to market price but the Note Holder doesn't seem interested in making a deal. He said he has financing in place to buy back shares in the CC but we don't know how much. IMO money is always in flux with Henry so money he has for the buyback maybe used for something else if there is a more pressing need. Go $PHIL