That's not how I see it, Kana.
If fully expect the debt conversion attempt to fail.
A company that is hemmoraging money cannot succesfully raise $3M (or is it $5.5M ?) by selling its own shares (thru convertible debentures). Not when its market cap is below $0.5M to start with.
On the other hand, I expect that there will be several "juicy PRs" and mini-rallies.
But all thoose rallies will be short-lived and the stock price will sink lower and lower.
The main beneficiaries of those rallies will be the debenture holders. Each rally will recruit a new cohort of gullible shareholders to be fleeced.
The ultimate touchstone of a "juicy PR", is if it correctly announces new revenues, if the expected revenues do materialize. I fully expect the promized revenues not to materialize, and the quarterly losses to stay high.
And no, the company will never get to apoint where it can reapy its debts with cash. I don't see it achieving beak-even within any foreseeable timeframe.
The best it can achieve (as opposed to shutting its doors or filing for BK),is to turn itself into a true subpenny stock, with almost no revenues, no employees no expenses, and constant issuance of new shares.
But there will be bumps and surprises along that road to oblivion, and I'll be here to comment on those as they happen.
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