I never thought of that. Maybe the guys are allowing most of the notes to convert to get them out of the way so they can get the majority of them off the books to attract some real financing.
Problem with that I think would be allowing the share price to go to .0000005 cents before a large majority of the bad loans are off the books!
The main concern would be the ridiculously low share price at that point in time. If that is the case, the time would then be right to really load up for longs and average down.
Anyone have an idea how many more toxic loans and the amounts that are still outstanding????