They are not an SEC filer, but certainly can convert debt to shares. Happens all the time with toxic debt spirals. Depends on the agreement of said debt. It’s literally the only leverage these companies have to get money when they have no sales. I’m more concerned with the website and email not working. Might be a bust all the way around. Time will tell.
No offence but I think yours is a comprehension issue... go back to my post #644 and you will see that the Maturity date for the amounts owed are 9/23... that simple means the company has to either issue shares in that amount and those shares will be restricted or they need to put the cash up front and repay the loan...or go back to the Filing itself and read what is on page 17 so you can see for yourself.... I never once said in any post that they were dealing with convertible debt, except for the one on that list that states it is convertible... and then unless the company and the holder make a deal they will convert in free trading shares that hold limitation on when and how they are sold.... I suggest you do some research on how Pink Sheet non SEC reporting stocks work.... The majority of them survive on convertible debt because they are non revenue producing company's that are just getting started. AFFU is the exception to that normality as they are producing revenue... all be it not a lot.
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