CTIC just read only a little
The Notes were issued pursuant to an Indenture dated December 5, 2008 between the Company and U.S. Bank National Association as trustee (the “ Indenture ”).
The Notes will bear an annual interest rate of 10% and are convertible into Common Stock at the option of the Holder at a conversion price of $0.137 per share. Accordingly, the Notes are convertible into 238,330,810 shares of Common Stock.