We did have selling before they restructured the loan the first time. They had issued commitment shares and they hit before the 8-k. Hopefully, that is the case here. There is still an option to pay off the loan, or a portion of the loan, even after the payable date, as well.
It is hard to believe that they would just let the whole thing convert. They have only added a couple of million shares in the entire year. As you said there have been several promissory notes, over $1,000,000 worth, that have no conversion option and are purely interest-based.
I always have to remind myself that Isiah has $3,000,000 in this at .15. I may be down $60k here but he's down close to $1,500,000 at this PPS.
I've been sick for a week now, probably influencing my otherwise optimistic outlook as well.
May be worth letting a few convert and let those volume indicators bring some attention before dropping a bombshell.
I guess we will see.
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