Springtree have $150,000 left on their convertible note...

Springtree have $150,000 left on their convertible note outstanding.

Am I reading this wrong? but from the funding agreement outlined on the 20th of June. FWL is under NO obligation to convert notes given the floor price is breached. The floor price is breached @ 12.5.

Given they converted last month BEFORE they recieved the first $1mill tranche. Now they have the initial $$, why would FWL allow springtree to convert, when they have no obligation to do so.

FWL should just pay out the remaining $150,000, at no aditional cost, as outlined in the "termination rights" section, and be done with Springtree once and for all, and rid us of this rediculous price supressor.

FWL still is the most undervalued IO junior on the market hands down, and with recent take over of AKI spuring demand in the other IO speccies, FWL is way over due for a decent run.