That would be the first guy that I meet in 20 years doing this who would give a damn about other guys feelings when it comes to making serious money. And make no mistake, such a loan is like a money machine in a stock that is at least a little liquid and is bombed out like SIAF is and god forbid maybe even have some good news in the next few months. If he converts today he gets shares worth about 6 million bucks at 40 (conversion at around 26 cents) cents for a loan of 4 million bucks. Now imagine how much money he would make if the stock goes back only to a buck. It's mind boggling. Such a convertible loan is like christmas and easter together as long as a stock is trading and is at least a bit stable. Afterall there is a reason you usually can't get such a loan from a decent normal OTC company which has some value and some business. Just to remind everyone, Garret could convert today and own almost half of the company from a 4 million dollar loan.
There is only one reason for somebody not to do that. And that reason is if he thinks the stock will go even lower.
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