There is only one problem and hole in the story. He keeps saying Genta wants to pay these notes in shares this is why it will go over .20 cents. And then he says there will be no R/S it is all a game.
Well the problem comes in the fact that they do not have enough authorized shares to force conversion when this hits .20 cents for x number of days. So how are they going to avoid a R/S.
Not trying to be a bummer, but people need to take the blinders off when listening to people sometimes.