She must have been desperate to take that extra toxic note, because she had spoke of maximizing SH value before taking the note as well. So she wanted to maximize value, paid off a previous note, then took a new one, to now pay off the December note. It's a bit of a vicious cycle, but if she uses the money wisely, and prepays before conversion, maybe the false start previously can be capitalized on for a stronger second run and sustaining of SP.

Good signs from the company.