They said that they would probably have to convert the first note towards the end of Feb. due to early pay off penalties, but then they would buy back the shares in the open market. They plan to pay off the 2nd note for $100K. The first was for $50K plus interest. It will only convert into less than 2 million shares. Unless the PPS tanks during the next few weeks, but I don't think that will happen. Too much happening this month.
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