ScripsAmerica Inc. (SCRCQ)

[coolerheadsprevail]

there is a difference in convertible notes versus giving a person restricted shares which cannot be sold for 6 months.

No, there isn't. Spin it however you want, but dilution is dilution. BOTH the issuance of convert notes and the issuance of restricted shares represent current transactions that will result in dilution at some pre-determined point in time in the future.

If anything, from an investment thesis perspective, convert notes are more shareholder-friendly because they at least have the option where, upon maturity, they can be paid down and the dilution never hits. Whereas with restricted stock, once they are issued, there is no stopping the dilution as it's coming whether you like it or not.