RE:In My Opinioni like the post. i laughed quite hard - i have an axe to grind, so i am totally objective :)
That being said the rest makes sense.
It seems someone on the board is "sleeping" with the debenture holders. You don't renegotiate conversion prices, you refinance or pay the debt. its too bad i have FOMO or id sell half and buy the conversion warrants used for enticement - i think they will have the real value. years to convert at .20? makes no sense unless a favour to the note holders.
Are they giving money back to the people who bought at the IPO? it is essentially the same thing.