RE:RE:RE:RE:RE:RE:Insolvency Filings Incoming? Maybe I am wrong about the holders' willingness to convert the outstanding principal into stock? I do not believe I am and think it is more likely than not that they choose not to convert, but let's just hypothetically say they do convert the remaining balance into stock...
Where does this leave the company?
Stock gets dilluted an additional 33%, valued at ~ $0.03. And the company will still have significant short-term cash flow problems that they cannot overcome through operations alone.
I hope you are starting to see the grimness.