If the note goes into default, there will be penalties in the millions if dollars. What will most likely happen is more convertible notes will be signed with the same lender to pay that new debt, just like last time AVTI couldn't come up with the money.
I'm guessing we se an increase in the AS to about 4 billion very soon. This play hasn't dried up yet, there are many more shares that need to be sold in order to satisfy the $6.8 million note that matures in less than 3 weeks.
Gelmon has a stack of PRs left, soon we might be seeing them daily. Enjoy the liquidity and just don't get caught looking for a chair when the music stops.
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