I believe there are about 10 or 11 total lenders from the original note; several of the lenders have completed conversions, the others still have conversions to go. I believe all of the lenders have at least converted some.
From what I understand, the conversions are approximately 50% or more complete - this includes the CD plus 2 other notes (as I understand it from Billy).
Does this help?
Never buy a stock affiliated with IR firm Big Apple or Transfer Agent Select American! All CEOs are guilty until proven innocent!