These convertible notes were issued years ago (the ones that are the subject of the lawsuit) they existed long before you invested and probably before I got in in late 2015. There was no living large off the notes, they were a last gap effort to continue funding WSTI's survival when other means of financing dried up.
From my initial reading of the Preferred A stock ImpactPPA owns from what is available online I thought it was not restricted with no delay but apparently due to THCT being behind in filings it was locked up for a bit. Til sometime in the coming weeks to month. If it was 1 year from the agreement (not sure if it was) it would be in the next few weeks.
Now keep in mind this is not Dan's money. There are investors in ImpactPPA and investors in WSTI . The stock is owned by ImpactPPA and the tokenholders (early impactppa investors) have to be taken into account.
If I had to guess chances here. If the stock holds up and Dan can sell then drift some off over time, AND he gets the investor group in. I would say our chances might be decent to work out. If either thing falls through I think it would be hard short of something else developing.
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