Well isn't that interesting?
On the last financials, the debentures totalled $70k, were owed to officers, directors and a family member of an officer and director.
Here are the terms for repayment and at what price:
"The debentures are convertible at the holder’s option into common shares of the Company at a
conversion price of $0.05 per common share at any time prior to the maturity date. On maturity, the Company may, at its option, elect to satisfy its obligation to repay all or any portion of the principal amount outstanding by issuing that number of common shares determined by dividing the principal amount being repaid by 95% of the market price on the date of maturity."
But the maturity was extended to 6/15/21 by the debenture holders--they aren't matured yet, so shouldn't they be converted at $.05/per share?
Meanwhile, all of the warrants outstanding should be expired if not exercised.
Mr. McDowall looks like he's getting ready to make some moves.
I wonder what the rollback will be.