Sounds like a good read on what's going on. What always raised eyebrows for me was the accounting of the $6 million convertible note. Somehow they get to treat that note as a derivative liability since it has the convertible option and then get to discount that liability pretty much to 0 from a valuation model. These notes mature in 2021 if I remember right and they carry about an 8% interest rate. Is my read on this right?
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