"This move is significant, partially because we have now reduced our convertible debt by over a million dollars while defining a go forward plan to secure much needed capital for further expansion of the business. This has greatly improved our balance sheet as we enter into our new fiscal year
2017."

Then they go on the say that they are not done with the recap.

We all know they have to strike some sort of deal. I want them to stay independent for as long as it takes to prove their value and gain negotiating power.

Paul