But: what about the small shareholder? Looks like D$H is "calling" the shots:
"is unsecured, bears interest at 8% per annum, and is convertible into 50,000, $10, 8% First Preferred Shares ("Preferred Shares") of Sustainable Energy. The Preferred Shares are themselves convertible into common shares of the Company at a price of $0.105 per share.......
DHTV has a pre-emptive right to participate in up to $1 million of such a financing alongside outside investors and management, including the option of tendering the Convertible Debenture as payment.
As additional consideration the Company will issue detachable common share purchase warrants to acquire up to 4,750,000 common shares of the Company at an exercise price of $0.105. "
Isn't that essentially quite a bit of dilution ? The poor existing small shareholders !