Friday, May 22, 2026 10:18:52 AM
This all makes sense, Win, and I thank you for it. My question would be twofold. Do you think it’s possible the 500k loan was made in order for EMED to pay off noteholders, rather than “to keep the lights on”? And that that overhang might now be gone? I ask because the numbers somewhat align: 514k in noteholder debt; a new 500k debt. Possibly Lionheart *will* in fact forgive that loan, and that it was a form of payment now that they can’t report yet because they’d have to reveal the fact of the rollup before they’re ready to? What do you think are the chances of that? I ask because if the loan wasn’t for that, but was in fact for them to stay afloat (not sure why they would have to, with no rent, and presumably manufacturing and distribution costs covered by Lionheart in the meantime), then there is still the thorny thicket of the $514k due to the noteholders, who could demand 3.1B shares to convert that note. Hoping beyond hope that that note overhang is gone, because it would preserve the power of our shares instead of diluting them by almost 100% (current OS 3.72B, potential note overhang 3.1B). What say you?
Bullish
Recent EMED News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 07/14/2025 01:30:04 PM
