Boomer, my opinions about your opinions:
You think the note is not illegal, I think it is. You think it could be worse, I think it is as bad as it gets.
You are entitled to your opinions, but #7, when you say "Maybe money raised from converting the note would be reinvested back into H3", well, you might want to do a little more research. You see, there won't be any money raised from converting the note, only dilution. Not sure how you can argue in favor of this toxic financing when you don't seem to be clear on how it works. You might also want to reconsider your opinion that this type of financing is not uncommon. Remember we are talking about a chairman of the board granting himself the right to acquire stock at half price no matter how low it goes. Have you ever heard of such a deal?
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