4Cable TV International Inc (CATV)

[BruceLake]

True that the filing does not elaborate on whether or not there are any restrictions. The details would be spelled out within the loan agreement. Often there are provisions within the agreement that upon being given notice to convert, the company has the option to pay off the convertible debt instead. In some cases that's easier said than done, especially if the loan is of a substantial amount and the company just doesn't have the money. In this case the convertible debt held by Marquis Trading LLC is only $111,322, a relatively small amount.

Without the benefit of seeing the actual contract all we can do at this point is speculate. Given the small amounts of this and the other loans, it does make you wonder why they are just not paid off. But I guess, if there is an option to pay it, why part with the money unless one has to.