Not necessarily true. Convertible debt has the potential to become toxic. It all depends on the lender. Yozma hasn't screwed the company by converting their debt and dumping it in the market. SIH (Robb Rill) has screwed the company and will continue to do so with his remaining convertibles unless Gerald can replace the funding and repay the debt before he is given the option to convert again.
Conversions of existing debt are on hold while the financials are not current, according to GC. I'm hopeful this situation can be resolved. If there is funding for the 3CL raise, Todos' portion may be enough to solve this mess.
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