Or they could be rebuilding/restoring a profitable business. What is going on? Does anybody really know? Cant find much on the web. Fill us in management. Hype gets you nowhere. Appareny only down. As we saw today. Only a solid business plan gets us to $50 or higher. Today proves there is no plan.
Shares were not converted or transferred to anyone
Form D states: To settle two convertible notes ($10,000 and $100,000) and to finance restructure plans.
When companies settle notes that means they acquired cash to pay them off. No notes = no conversion of stock = no dilution = no debt on the company books.