There was no conversion, and there will be no conversion. Because the converting prices are too high - $3.50, and $5 !!
If they really intend to issue new shares, they will drive up the stock first. So, I think it's time to buy, After all those stupid gamblers have lost their shirts.
Hey h-grant, you're not short this pos. I would think you'd be pounding it. Too funny. I am watching it for a potential bounce as well to maybe 2 bucks, then short until its demise.
Btw, I bought some pre-market, at $1.20-1.25