Noteholders are given discounted shares based on the lowest share price over the period set in the agreement. If the note holder was given their discounted shares, they make less money the more the share price drops after theyve been given their shares. Notes are typically sold into a stable or rising price, to ensure maximum profit. I think yesterday was retail selling because they dont trust the mgmt after the 10q was released and that pr saying they hope to get the price back over .01 by the required date..and if they don't theyd seek other options.. Those options could easily be a rs... Toxic financing is killing this stock and mgmt errors in their favor, not retail imo
And I bet reps of those toxic note holders post on this board