I don't yet know the circumstances for these notes, but so far management hasn't done anything to make me lose trust. So, we'll see what all this 'urgent money' is about.
False....That is not the reason for it....The reason for it is some important business before being late with the 10K, as they won't be able to do it while late.
Remember that the last 8-K on 1/17, does not allow the company to borrow or issue a promissory notes for anything less than 2 million dollars, until after 60 days, unless they converted their shares. The filing at 2/14, effective on 2/10, latest 8-k suggests that the 8-K filed on 1/17 already converts at 0.015 in accordance with this statement:
These guys quickly converted to shares because they did not want to lose that opportunity.