I'm not doubting this part of it...but "equity" was checked on Item 9 as one of the types of offerings for this Form D. Debenetures are a type of debt. If "debt" was checked on Item 9 then I would agree with you that "convertible debentures" were the only typed offered. I'm stating since "equity" was checked then none of us know if the $199,000 was an "equity" sale or a "other (convertible debenture)" offering. Until we know for sure, we shouldn't be spouting that $199K was a convertible debenture. The correct statement based on the current knowns should be "the $199K was either an equity sale or a convertible debenture."
The instructions for the Form-D specifically state not to select "equity" if debt is involved.
Item 9. Type(s) of Securities Offered. Select the appropriate type or types of securities offered as to which this notice is filed. If the securities are debt convertible into other securities, however, select "Debt" and any other appropriate types of securities except for "Equity." For purposes of this filing, use the ordinary dictionary and commonly understood meanings of these categories. For instance, equity securities would be securities that represent proportional ownership in an issuer, such as ordinary common and preferred stock of corporations and partnership and limited liability company interests; debt securities would be securities representing money loaned to an issuer that must be repaid to the investor at a later date; pooled investment fund interests would be securities that represent ownership interests in a pooled or collective investment vehicle; tenant-in-common securities would be securities that include an undivided fractional interest in real property other than a mineral property; and mineral property securities would be securities that include an undivided interest in an oil, gas or other mineral property.
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