So you are concerned (concerned?) that family and other large investors who have been holding notes for years are all going to suddenly want to convert at the same time?

I'm not. They would have already done so had they lost confidence.

All the negative speak in 10Qs for penny stock companies is standard when you are fully reporting and abiding by SEC regulations. Have to be safe and err on the negative side. You can go back years and they are all horribly negative for this company. They all warn of impending doom within days or months. Yet, here we are.

But if you personally own shares, I suggest you sell all of yours right away.