Nothing has really changed here. There was always the possibility of convertible debt, but Asif is well aware of it and intently working to make sure it is refinanced to favorable terms. He assumes over $2 million of this debt himself. None of the conversions went to his pocket and the toxic debt only lowers HIS overall worth. This will correct itself. I said earlier that I believed it would take longer than some wanted or expected but there is no reason for GNPT to be trading sub penny.
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