most of these financiers as a part of their financing agreements been issued an all encompassing corporate resolution from the company to approve any Notice of Conversion submitted to the Transfer Agent. Then the financiers goes to their broker with that agreement and receives approval for selling shares on a "Promise to Deliver". Then they simply submit a notice to the TA and the Broker will allow them to sell on the promise
that way they don't run out of stock and all they have to do is keep close track of their positions and the clearing date of the sales as to not violate the rules the pertain to the 5% affiliate status
News 
Market Data 
Discover 
