heres my 2cents on convertible note funders:they dont expect to be paid in cash by the co-thats why they want in form of "convertible note"-they make more money from the discount they get on their shares which going rate these days is 50% or more.so for example, co has funder asher. this group funds the co say 50k and after 6 months of holding their convertible note, they convert their debt into the discounted shares and sell. dilution happens its name of the game in the convertible note funding business. but necessary as start up companies have very little funding options. this is jmho p.s. i used to hold convertible notes not with mdce but other pubcos
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