Convertible notes convert based on the financing terms. That is the only fact here.
This is from PACV’s 2018 10-K:
On July 12, 2017, the issued a Convertible Promissory Note to JSJ Investments Inc. for total gross proceeds of $75,000. The note is convertible at any time after the issuance date, bears interest at 12% and matures on April 12, 2018.
Market Data 
Markets 
AI
