The earliest note that can be converted is Jan 1 2021. That is from a note dated July 1 2020 for $200 K. There are no notes before that and notes have at least a 180 day restriction.
So no, there is no dilution from any notes. Any notes have a 6 month restriction which makes the earliest dilution possible of Jan 1 2021.
What does make sense is Julie Smith came to an agreement with MITI and is selling her shares. Of which from the filings shows she has to be done or about to be done based on the OS rise from 125 M to 136 M the past 45 days.
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