Maybe that is their history of when they sell, but

Maybe that is their history of when they sell, but per the 10-Q there isn't a specific time during the month, only limited to monthly amounts depending on the issued note. Regardless of our current share price they all convert at $.50 or $.55 for the June 2018 note. Hopefully both the long-term notes are or will be paid in cash soon.....I don't see the "cash or stock" comment for the short-term note.

Here is some of the key excerpts from the latest 10-Q:

"2019 Short-term Convertible Notes" - The principal amount of the 2019 Short-term Convertible Notes, including any accrued but unpaid interest thereon, is convertible at the election of the holder at any time into shares of common stock at any time prior to maturity at a conversion price of $0.50 per share.

"June 2018 Note" - The Investor may redeem any portion of the June 2018 Note, at any time after six months from the issue date upon five trading days’ notice, subject to a maximum monthly redemption amount of $350,000.......Effective November 15, 2018, the June 2018 Note was amended to allow the Investor to redeem the monthly redemption amount of $350,000 in cash or stock, at the lesser of (i) $0.55, or (ii) the lowest closing bid price of the Company’s common stock during the 20 days prior to the conversion, multiplied by a conversion factor of 85%.

“January 2019 Note” - The January 2019 Note bears interest of 10% and is convertible into common stock, at $0.50 per share. The January 2019 Note is convertible in total, or in part, of the outstanding balance, at any time after six months from the issue date upon five trading days’ notice, subject to certain adjustments and ownership limitations specified in the Note........The investor may redeem any portion of the January 2019 Note, at any time after six months from the issue date upon five trading days’ notice, subject to a maximum monthly redemption amount of $350,000. The monthly redemption amount may be paid in cash or stock, at the Company’s election, at the lesser of (i) $0.50, or (ii) the lowest closing bid price of the Company’s common stock during the 20 days prior to the conversion, multiplied by a conversion factor of 85%.

Please do your own due diligence. All my posts and comments are not to be considered investment advice.