Lol Rule 144 doesn't apply to note holders and there has been no conversion in months. On the contrary, the AS was recently reduced by 40% and the CEO previously stated there are plans for debt payments without further conversion, which all has been confirmed by the TA. Do some DD ffs.
You misinterpreted the rules. I also have no clue where you got any of those percents you mentioned.
But yes, there was $3M in debt. But who's to say that has not been paid off? It seems to me they sold well over 60K units, especially if you include July and going forward.
Convertible debt is quite common with the penny stocks I've seen. But that is the absolute least of my concerns about this common (it's not even on my radar)
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