I actually don't know. They have done some conversions as part of agreements with the company. There has never been a default. I am sure of that. Fife is trying to turn over a new leaf since the SEC lawsuit.
And he also gave them a second loan which was secured against all assets for I believe $5,000,000. Fifes notes are at least 8-10%. The large note has been outstanding for at least 3 years. Do the math. At least $25,000,000 is owed to him.
BTW, our little friend is an insider or a great detective. I'm sure you know that. Funny thing is when you ask him a good question, he suddenly knows nothing. So he knows Fife has been converting, but he knows Fife is not owed 25 million but he doesn't know the number that Fife is owed. Isn't that interesting?