If they can qualify for NASDAQ, it be a great news. Unfortunately, convertible debts only has one purpose, they will eventually turn into common shares unless the company find other ways to redeem them. Typically, issuing convertible debt the company is leveraging the common market to pay for expenses. Since issuing debt comes with interest payment. Converting into equity bypass that interest payment. At the same time it creates additional common shares and the selling into the market cause the price to go down for obvious reasons. One there are more shares out value per share goes down, two more sellers compares to buyers price goes down. They become profitable is the only way to stop the stock dilution and potentially uplist. That's why I am looking at whether or not they actually report profit. We shall see if Q3 becomes better, the year end 10k early 2017 will then be a critical point to determine whether or not SAKL is capable of generating profit and become a better growth investment. Assuming they get off the pink sheets of course.
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