They would not have agreed on 8.50 this investor if they didn't think the company was worth double.
The whole thing though does favor XTXI at this level as per 1/3 the nature of convertibles, 3 years before they can dilute though.
I own XTEX but lately have been increasing the size of my XTXI in 2 accounts.
They are going to see $15 fairly soon don't think about the great deal the investor got at 8.50, it's like I said they would never have shook hands on it if they didn't see an easy double on the stock on conversion, and by that time the stock maybe trading at 30-40 a share. Don't place a stop order under your stock arcx will get it every time.