Ann: Ruby Count Grows to 147,000CTS October Auction Confirmed, page-248

Yes they have a floor price,but according to the 708A notice, the floor price is not .05,it is .005

Conversion
The Noteholder may convert a Convertible Note into shares of the Company at the conversion price, being the higher of:
(i) the lowest 1 day Volume Weighted Average Price (VWAP) during the 20 trading day period ending on the last Trading Day before the applicable Conversion Date; and
(ii) the floor price of $0.005,