Previously with the 25% discount conversion price,

Previously with the 25% discount conversion price, the note holders wouldn't actually make 25%. As an example if the price was .10, they would convert at .075, but as they sold, the price would drop-as long as they sold above .075, they would make money. Now that there is a fixed conversion price of .05, they got the 25% as an increase to the principle amount and an additional 10% on top of that for agreeing to the floor. So if they sell at .05, they make 35% when they are paid off, but they can actually sell down to .0325 and still make money.