I guess I should have made myself more clear. The going concern here is that they have much more debt than income with the convertible notes hanging over their head and IONIC which doesn't seem too anxious to work with them. So, they will have two choices - one Bankruptcy or Two - convert the notes which goes against the 9.9% policy. If they converted both A and B notes for nearly 30 Million shares to IONIC IONIC would have majority control in the company which then gives them voting rights as to what happens to the company.
Any which way you look at it, you should have some concern if you have much at all invested here.