Talking about debt - If you refuse to acknowledge the infinitely better position we are in as CYIO investors today versus under previous ineffectual management then you are not being honest in your assessment of CYIO.
You have old notes convertible at .001/share given to "buddies" during previous management... management who has not only been removed but had their shares clawed back by new management... This is the only debt being converted and is primarily responsible for the increases in OS. Which oh by the way - also took place under old management.
Then you look at debt issued under new management - larger dollar amounts but convertible at .25/share and even then not until 2022.
We're in much better hands since O'Shea and Lewis took over... and it shows.
If you have a problem with the debt, you can lay that blame squarely in Carnahan's lap and be THANKFUL that we have better stewards of our asset in O'Shea and Lewis. ANOTHER reason to be bullish.
You think their little debt is a huge debt load? Most could write a check and pay that off in a heart beat. Their debt is minimal comparable to most Companies. You probably have more debt then them
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