RE:Series 1 Shares - 70million Consolidable or notI will take a shot at your question. There will be no trickery. Let's say in November 2022, Promis decides to raise $30M new equity in a secondary offering to fund clinical trials and operations etc. let's say the offering is at $20 per share US. The Boston Group of invididuals have $20,000,000 of debt remaining, assuming no interest has been declared. Their debt must be converted into common shares because the $30,000,000 is being raised per the agreement that the debt must be converted if $30M in equity is being raised. Promis would issue the Boston Group 1,000,000 shares @ $20US to satisfy the debt. So, in effect this activity would be subject to the 1 for 60 reverse split. However, they would not benefit from share price appreciation from now until an offering is made which makes me think it might be next on the list after a NASDAQ listing.