Ann: Update on Convertible Notes, page-176

Extract from your post:
Anyone getting a weird feeling as to why the CN holder would agree to this? Will the door hit them on the way out? What do Xped have over them? I smell something funny there. Any ideas??

Unquoted

Speculative answers: 1. From half of the Trance 1A (i.e., $1 million), CN holders did enjoy three-year accrued interest although they just loaned the money for few days; 2. If the remaining Tranche 1A of $1 million would be paid later, they will receive three-year accrued interest although the money was only loaned to the company around few months. For Tranche 1B of $1.3 million, the conversion amount will also include three-year interest.

If you are the convertible notes holders, why should you complain it. You only loaned the money for around 1 to 3 months but you received interest for three years. You should be extremely happy for this arrangement.