Jiangbo Pharmaceuticals, Inc.(fka JGBO)

[996]

@Traderfan:
Earlier they couldn't pay interest but gave Pope shares instead. It is in the 10k. They are working together with Pope they say, to work out a deal.

The real deal about the debentures is a long story, I'll try to make it very short.

Nov 2007, $5 Million debenture and 400,000 warrants at $8.
Notes and warrants expire Nov 2010

May 2008, $30 Million debenture and 1,875,000 warrants at $10.
Notes expire May 2011 and warrants expire May 2013

Per June 30th 2010:
Nov 2007 > $1 Million was converted
May 2008 > $8.2 Million was converted
July/aug/sept-2010 another $7.5 Million of May 2008 debenture was converted, see one of my posts from a (a few) day(s) ago. So in total from $35 Million the amount that has been converted is $16.7 Million

But please read it yourself in 10k, I don't want to misinform you or anyone else unintentionally.