I am confused as well since we don't know how much debt was converted and liquidated.  We wont know until Q2 is filed.  I interpreted as I stated on the ihub board today (well this is my simplified version)...we took the shares we were given, sold them and we are going back for more.  Whatever shares we were given we liquidated by mid-April, however, it was only a portion of the debt.  

Pharaoh, I will have to get back to you on the 200k as I am also unsure if the current liquidated assets come from this debt or if it is a seperate debt (which I believe is the case).