4.) From Ray's mouth The convertible notes are locked up and won't be converted anytime soon.
Did he actually say that? Is this presentation on re-play anywhere? Because if he said that and even ONE note gets converted, then he will be guilty of securities fraud. I've read every SEC document filed in the last 3 months and I don't see anything that stops the note holders from converting. I can find plenty of restriction on what the company can do, but noting that says they can't convert.
If anyone can point me in the direction of an SEC document that states that, please do, I'd love to read it.
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