Apparently those eyes haven't read the last 10Q filing (page 23) that shows a convertible note for 10m shares coming due at the end of June.
On December 30, 2014 the Company issued a convertible note in the principal amount of $1,250,000 with a 20% Original Issuance Discount ("OID"). The note is due on June 30, 2016 convertible at $0.125 per share subject to adjustment stated in the agreement.