Seems to me there will need to be an A/S increase just to create enough shares. Or perhaps a reverse split?
The shame of all this is that MMHC appears to have never actually benefitted from all this convertible debt. Company shows ZERO assets. I don't know if the money left with Bland when he took off with his app, or what. But the debts have soared and there has never been any accounting for where the proceeds of those loans went.
Ugly situation. I was actually starting to wonder if some I should speculate on some MMHC shares if they were cheap enough. That is why I was following all available leads. My conclusion: caveat emptor. I'm staying on the sidelines.
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