There are 5 new convertible notes issued since May 2014. @ 45% to 60% discount, with 9.99% restrictions. The last; Sept, "Tangiers" note has a 10% increase to the 60% discount, if the company stock has a chill placed on it.
That's raises a real concern on my part. When a VC has concern their investment conversions may have problems with regulatory agencies and the discount was the largest, 60%.
No reported conversions yet. Doesn't mean they haven't started though.
Asher moved out Aug 13.
A/S raise from 150 mil to 500 mil June 23.
Looks dark