Ann: Todd to Convert Tranche A Loan into increased Equity, page-7

So any idea why they didnt convert their 20c options that expired recently? They clearly want to hold more stock, and are happy to pay well over 20c in other equity acquisition mechanisms...

Perhaps they dont want RTA to be cashed up - Todd wants RTA to have to rely on Todd?

Just cant think of any other reason, unless they just forgot - which is possible... Im sure a multibillion dollar co has more important things to worry about than keep track of a few mill worth of expiring options... but the n you think RTA would have discussed with them and urged them to exercise?

Just confused is all