What does it mean ? It does not give a breakdown that how many of these 25b are at .00006 and .015 ? Does it mean that they have to pay ICEWEB the money to convert ? If so why they didn't do it before and sd these shares earlier like notehders ?
IceWEB, Inc. (OTC BB:IWEB; “IceWEB” or the “Company”), a provider of wireless and fiber broadband service, co-location space and related services and the operator of a Network Access Point (“NAP”) where customers directly interconnect with a network ecosystem of partners and customers, today announced the launch of a major project in the Kansas City area to provide the 550 Acre Carefree Caves complex and 4.2 million square feet of office park and underground buildings with advanced Internet, Phone, Video, HVAC and Sensor Control. New services will be delivered by internal fiber and by high capacity licensed microwave from up to 27 different carriers fed from the Company’s Network Access Point (NAP), the KCNAP, which was part of IceWEB’s recent merger with Computers & Tele-Comm, Inc. (“CTC”).