RE:Here are my further thoughts on the Default.Unless the stock trades higher than the conversion price if 10 cents a share the debenture holder will be calling the loan for CASH not shares. It is thier choice, not Farshads. I believe it is farshads choice on how to pay the interest, cash or shares.
If the debenture holder feels that the company is floundering and his investment is in trouble he would have looked for any reasonable excuse to call the loan. He wants his money off the sinking ship.
Again, this falls back to Farshad. What has he done with the cpmpany since obtaning the money? NOTHING! And the SP shows that.