There's a huge difference between saying notes will be hitting soon or will have to be paid soon. Here's what I read in the 10Q:
At March 31, 2020, $835,737 of the 2019 Variable Rate Convertible Notes were convertible into common stock beginning in the quarter ending June 30, 2020. Subsequent to March 31, 2020, we repaid outstanding principal amount of $335,000, plus accrued interest and prepayment penalties, under these 2019 Variable Rate Convertible Notes.
Certain of the 2019 Variable Rate Convertible Notes have maturity dates prior to March 31, 2021 and could be classified as a current liability. However, it is the Company’s expectation that we will either re-finance these convertible notes to longer terms, pay off such amounts with the proceeds of long-term financing, or permit a limited amount of conversions. Therefore, we have classified these notes as noncurrent. If we do not re-finance these convertible notes to longer terms, however, the holders of the convertible notes have the option to convert these notes into equity or hold the convertible notes to maturity.
The company has consistently worked very hard to mitigate the impact of dilution. If it paid $335K of the notes principal as of almost 2 months ago when there had been almost no dilution, I see no reason to believe that now having diluted about 30 million more shares than is required to pay Schreiber his $400K that the company will just passively wait to get hit by a wave of convertible note dilution.