roche, the next step, page-6

Thanks WW

There you go. The leaders will end up with shares.

The only other possibility is if PYC were rolling in dole and paid out the notes with interest.

Seeing they bought the notes to help PYCs cash balance, I suspect they will convert the notes into shares.
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From the last Annual Report:
The company issued 1,240,000 convertible notes to raise $1240,000. The notes are convertible to shares at 5cents/share, if converted prior to the maturity date of 30 April 2011 or at 4cents/share if not converted or redeemed prior to that date.
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