I am voting NO on number four I think we should vote NO on item 4 allowing Greenstone to convert their accrued interest early. (I think they can convert their principal early, but that doesn't matter, it is at a fixed price)
Allowing them to convert the interest early instead of September 30, 2026, lets Greenstone buy at the current depressed stock price and lets them get over 50% of the company, i.e. control.
Greenstone is not allowed to vote on this, so our vote matters. Sure, management recommends approval, but what else can they do without upsetting Greenstone.
I see no advantage to us to let Greenstone convert the accrued interest now. In case you care, I have 700,000 shares, and every vote helps.