Actually they will accept offers a d convert also and put themselves in a law suit position.
Also, their not allowed any more than the face value of the note held by them plus fees so if the stock increases then they convert less shares and if it decreases than the company has to deliver more shares to cover the amount of the shortfall.
IT’s NOT UP TO THE NOTEHOLDER! THE COMPANY CAN PAY THAT NOTE OR THE PORTION LEFT ON IT AT ANY TIME. IT MAY COST THEM MORE IN INTEREST AND PENALTIES BUT TO SAY THEY CANT PAY OFF THE REMAINDER IS FALSE!
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