RE:split"What i am saying is lets take all the debt convert it to shares , do a consolidation of about 10:1"
you realize they are doing exactly that except not converting yet. They are extending so they can buy back some debs before they get converted, thus having less shares out than even your way. And, keep in mind while you think you are getting screwed by this plan, the head honcho is the largest shareholder. So what is happening to him, if a small shareholder as yourself is screwed? By making new conversion rate 1.30 instead of .13 everything stays the same, except we have more time to buy back debs and a share price that allows insties to buy. They hopefully soak up some of the shares sitting there from previous conversions. Trust me, with that one investor involved and his connections to the Clinton's, I can conceive of conspiracy theories, but method's explanation of an overhang created by previous deb conversions is simply the most rational explanation. Check Occam's razor for details.
T