Don't they still have $800k of that convertible to call on? I can't see them going broke, but you never know I suppose.
What a complete cock up by management, a company that was travelling so well only 6 months ago & just through poor management decisions the SP was destroyed. Teaming up with the likes of Bergen a known predator was also a big mistake. Where was their background checks before entering into a deal with Bergen. It wouldn't have taken much to find out what their track record was. Now perhaps purely by luck than good management you may actually see the company start concentrating on what they are supposed to. They owed 80% of PMR, why on earth they didn't take out the other 20% when they had a healthy SP & raise capital then, oh yeah you would need to have forethought & be looking after shareholders to do something like that...