Assuming the lenders sold off all of their convertibles at current pps, even with the discount, we're looking at less than 10,000,000 shares to pay off the entire debt as of the last Q. With an average volume of over 1,000,000 shares a day, that could easily have been absorbed in a few weeks. I'm simply pointing out that for all we know, there may be no convertible shares at this time. Alternatively, as I've pointed out before, Guyer may be using this as an open line of credit and issuing more convertibles as needed (and only when needed).
