Of course I am, because CANV isn't showing significant growth or making profits.
Yes, it's possible that some news could drive the stock price above $0.50 by the time the note becomes elligible for conversion, but the quarter ends in six weeks and the 3Q/16 results are due to be issued in mid-November, a couple of weeks before note conversions begin.
Have you looked at the terms of the note for conversion pricing? From page 16 of the 10-Q [emphasis added]:
The price has to be over $0.50 for conversions to occur at $0.50, but as of now, there are no catalysts, other than perhaps the election, to drive the price over $0.50
We've had this discussion before, in 2014 about the selling of restricted $1 shares driving the price down once they came off restriction:
Finally, take a look at my analysis of the 2Q/15 results written on Aug 15, 2015, immediately following CANV's announcement of $2.4M in revenue and a loss of $2M: