Cornell will NOT be getting any shares via conversion unless TNSX has no other choice
The negotiations probably have to do with the amount of interest earned and rolled into a note.
This is what was done before, and what was intended in the last financing round.
This financing has never been declared effective, and I don't imagine it will be.
The rumors I've heard is that the SEC has been very negative on the death spiral aspects of the various financing forms that Cornell used to do. the standby equity distribution agreement evidently solved some but not all the issues.
Cornell want's their principal and interest and probably wasn't happy with the ongoing nature of the payback, so they're agitating for a sweetened pot... this is all a guess on my part
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