Not phased one bit by yesterday's convertible debt 8-k. That's because the fundamental premise of a NASDAQ quality reverse merger is still on the table.
I'll simply add more shares. Wouldn't be surprised if insiders take advantage of panicking sellers, enabling them to buy a lot more shares at discounted prices. Might be part of the plan.
Conversions can't take place for 6 months anyway and they can pay off the note if they choose.
A price drop sounds fun to me as traders here for the reverse merger will likely lock TWOH even tighter, giving them even higher potential percentage gains if/when a very large company reverse merges in.