Why would convert post split at a higher price?? We closed a .006/.06 pre split..the PPS has been much higher since the split which would make their conversion much more expensive..
~so my own hunch is this is a conversion AND and it's going to be the last shares they get before all the debt is paid off by the $8.5M non-equity based loan.
If it is the last conversion, we won't be rolling over for another move back down to 0.05. Kinda sad, those debt holders sure know how to make a roller coster.