You're putting words into my mouth. I'm not saying the company is lying. I'm saying they converted a note into 39 million shares which HAVEN'T been sold off. If those shares were sold the share price in my OPINION would be in the sub penny range but ITS NOT.
I am also saying the second and larger note of 200 million shares HASN'T been converted as per the OTCMarkets, which I believe to be correct. If a death spiral had occurred the price would have long ago dropped into the sub penny range....IT DIDN'T.
JUST BECAUSE THERE IS A CONVERTIBLE NOTE DOESNT MEAN THE NOTE HOLDER HAS INTENTIONS OF DRIVING THE SHARE PRICE INTO THE GROUND WITH A DEATH SPIRAL. Actually it is more beneficial for the note holder to wait for the company to succeed and then convert the note as they stand to profit. It is quite clear that the note holder/holders are in no hurry to convert and sell which is abundantly clear because the note became due sometime back and hasn't been converted which again tells me that the people behind the financing are in no hurry hence no death spiral. If they had converted and sold the share price down ,then and only then would it be considered toxic financing.
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