Obviously you didn't understand what the CEO did - she repaid a convertible note with a new convertible note but the new convertible note(s) are for $384,000.
The note she repaid was repaid on the following terms - she only received $40,000 from the $46,000 note but she had to repay $46,000 plus interest at 150%.
So without interest the CEO paid $69,000 + $6,000 = $75,000 (interest not included).
That is a Annual ROI of 347%.
Tye CEO isn't doing the shareholders any favors.
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