You are correct, but the outcome is not clear to me. What is clear to me is, that he owns his shares through Interstellar, has been posted her in the past, but I do not know from whom. Interstellar made the loans and he is sitting on a bunch of pref.shares and he will convert and convert and as he is not even collecting the interest, but increased the rate he will get even more shares, besides 50 % Royalties. Smart deal, however,not for the shareholders and as the market is aware of that, they stay away.