No... NO it does not... That note is paid for...Your forgot this portion of the note when you put out the quote:
The note is convertible by Auctus into common stock of the Company through the later of the note maturity date or the payment of the defined default amount in the event of default. The note carries a variable conversion price defined as 50% of the market price (representing a 50% discount), with market price being defined as the lowest trading price of our common stock during the 25 trading day period prior to the conversion date.
The purpose of the company raising the AS to five billion was that these notes were going to be paid early. Not only this note by the one that follows it in that filing. Both have been paid, and both along with a few others are why the OS has increased along with the Float.
No one is saying there has not been dilution...there has been a ton...but the dilution has reached its end. There are some convertibles that the previous CEO still has but not enough to warrant this consistent MASS DILUTION is coming crap.
How do you think this went from 58 million to the present 198,000,000 in the past 4 months. That note and the one that directly follows it were converted.
Reading this 8-K will also provide additional information as to the debenture payoff.
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