Rxmm is set up as a note but look at the terms etc. Read the commentary on it they look at it as an invedtment. And I'm not saying there aren't a few convertibles left just that nothing new has come through as per Mark. And if you look at the price point when we first got that money now it's really cheap.
They had $300k in outstanding convertible notes at discounts of 22-45% from 10 to 30 day preceding trading prices at the last filing.
Pages 10 and 11 provide the summary.
It's likely RxMM has provided additional funding since the quarter ended and if they hit $400k in debentures, in addition to the 25% discount on conversion of the $400k, they have warrants to buy an additional 10 million shares at $.05 each.
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