Can you not accept that the clause in the note you are referncing is not a license to circumvent US Securities regulations? The rest of your post is your usual maligning of ONEV's days as a Research and Development Stage enterprise with Full Disclaimers from day one and a new attack on faithful shareholders interested in facts, Telmex, Intel, Motorola, and more....
Your words are flawed:
"He has allowed the sale of convertible instruments to toxic funders and other accredited investors for years knowing full well the company not only approved of the use of these instruments to short the company stock but that in at least one case, permitted it in writing and documented it in an SEC filing."
The clause you refernce says the note can be used as collateral for a short position. It does not say you can sell the shares without converting and worry about that part later.... Being able to use the note as collateral or not would make a difference in margin requirements for the Short trade. I would imagine a COnvertible Note with a Premium Conversion feature might not include such a clause. ONEV's soon to be retired convertibles were discount convertibles not premium.
Intersting how far you strayed from the Failure to deliver/Naked Shorting of ONEV shares.
Webers Quote from 7/08 CC "Look at Google with their voice patents and what do they have? They have a sub-set of our voice patent."