Many of those were issued with "fixed" conversion features, 30% lower than the SP, at the time the notes were issued. Not with a discount to market at time of conversion. See..............
We had entered into convertible notes payable with related parties that contained conversion options, whereby the outstanding principal and accrued interest could be converted, by the holder, into shares of our common stock. In the case of the convertible notes payable with related parties, the conversion price was a fixed price, which represented a 30% discount to the price of our common stock at the time of issuance.