Your quote;
"However, I may call yates to get a Toxic Note with security pledge if terms are sweet in addition."
Putting anything more than $5K - $7K into a "trade" like this (PLSB) and you're better off going straight to Yates and offer to buy his aged debt (maybe even vendor payables), $30K - $50K at a time, at 50% below the market! He'll take it in a heartbeat but make sure to SELL what you can, even before the ink dries on the Convertible Notes!! Cause You'll have a lot of competition racing to sell their paper as well!!!
- SMH