The scam is that Henry Jan is lining his pockets and his cronies pockets with non-transparent convertible notes. There is no conversion rate attached to these notes. There are no names attached to these notes. There are no reasons listed as to why these notes are being given. This is what he has learned from his teachers. Hipple. Gelmon. Ashvin. This is not reputable behavior. A reputable company working towards up listing would be transparent about these transactions. Furthermore, they would be giving shares of the company with a reasonable compensation. Not some whacked CF deal. Look at other companies filings that are being transparent. It is not that complicated. You list the name who the shares are being given to, you list how many shares and at what value, and you list the reason for those shares.