Then why bring this $5 million note on board.This would equate...

Then why bring this $5 million note on board.
This would equate to over a billion shares to be issued and who knows what Deer Vally will do with these shares given they are at an 18.8% discount to market prices at issue time.
If they do anything like a LaJola or Bergen i cannot see Panax above these levels for a very very long time.
I think that question should be put to Mr Parker, afterall its our company they are managing.
Is not a shareholder approval required for such a note?