Looks as if the company requires more funds in order to keep...

Looks as if the company requires more funds in order to keep afloat while it seeks a new funder and buyer for assets.

The July 2013 Converting Loan is due for redemption at month end. Conversion to shares and options. Highly unlikely that options issued will be converted before any relisting so that could be the reason for a replacement Conv Note.

We continue waiting for the end game.... relisting or capital distribution.

With key players holding so many options I assume that relisting is the way they will eventually go.