I don't know where you get your info from. The last 10Q was for the nine months ended 9/30/13 and there have been no PRs about reducing the amount of convertible debt since.
That 10Q listed convertible notes at 1,205,794 net of unamortized discount of $440,209.
no one will take this seriously until they stop the conversions at 0.13 or whatever - no sane person would buy anywhere near 0.30; that is why they pump it and then dump it over .30