never is an awfully long time... i think they did. the note is fixed @ a conversion price of $.40, there is a no-short clause, they did get warrants as a deal premium (perhaps for the pre-pay), and there is no discount to market (not based on any trailing avg or anything like that), at least not that i know of.
convertible instruments is "one of the things you do"?
imo it'd be great if you dug into that aspect of this thing a little.
are you with a hedge?
and with that, i'm out for the night...