Paradigm Medical Industries Inc. (PDMI)

[Longdriver98]

I don't see Cornell mentioned, but 2.5mm is the loan amount and their is no limit to the amount of shares can be converted in order to satisfy the notes.

It looks like approx. 40% of this has been repaid from this paragraph.

The noteholders have agreed to restrict their ability to convert their
convertible notes or exercise their warrants and receive shares of our common
stock such that the number of shares of common stock held by them in the
aggregate and their affiliates after such conversion or exercise does not exceed
4.99% of the then issued and outstanding shares of common stock. However, the
noteholders may repeatedly sell shares of common stock in order to reduce their
ownership percentage, and subsequently convert additional callable secured
convertible notes. As of November 13, 2007, a total of $947,366 in convertible
notes issued on April 27, 2005 had been converted by the noteholders.