Leonite was handed a gift as usual. They don't have to mess with taking possession of the treatment center for the secured debt or the hassle of converting. They get cold hard cash and must be very happy. Why does Shawn take such good care of Leonite?
Actually the 'bloodbath" will come with the split that will be needed to make the shares viable again. These failed promotional press releases must have the out of touch Shawn Leon recalculating. The shares have been essentially worthless to the company for a year and a half now while the debt grows.