well the company is in default of payment and a promotion has taken place on the stock,so i would assume that both parties agreed it would be in the best interest of everyone to raise the money due via the promotion... it worked in the very beginning,but than you run into the problem of the promoter,company and convertible competing against each other for the shares being bought in the market...
you have a convertible that wants back over 100k dollars, you have promoters that were probably given about 100k in paper and the company who have not drawn a paycheck and must have bills coming out of the wazoo looking to get some money...
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