On February 7, 2011 Tom Favata converted $10,875 of his $100,000 Note into 7,250,000 shares. A conversion ratio of $.0015/share was used. NHSH was trading at $.59/share on February 7, 2011. At the time of conversion those 7,250,000 shares were worth $4,277,500.
That left Tom Favata with a balance of $89,225 remaining on his half of the debt Note.