That deal was a sucker deal, read it agian. On March 16th the price was 6c, why would Enable make that deal, well if you keep reading you'll see why...
"As an incentive for Enable to issue these convertible promissory notes, the Company and Enable entered into a certain warrant exchange agreement whereby Enable has been granted the right to exchange all warrants held from previous transactions into 10,000,000 shares of common stock of the Company."
That's right, they exchanged all their useless warrants, not notes, but warrants for 10M shares of common stock. The warrants weren't converted, just traded in, and usually warrants are on top of a deal as an incentive, hence free. Enable has been holding this company up, and MSGI was bent over a barrel.
$250,000 is a drop in the bucket compared to what is owed, LMAO. IMO
The truth shall set you free!