Who declares convertible financing is finished by a certain date after he loads up on the same toxic funding before the date? Kind of makes the statement vain - a joke. It's like an alcoholic proclaiming he is done drinking as of a certain date but is seen in the liquor store loading up the day before.
He said operations should be able to sustain the business then why load up and pretend that you are done with convertibles? It seems like he made the statement he is finished with convertible debt only because binged on it before September 1st. He mislead us again, to me this is more dishonesty and another blow to his integrity.