"...Look what la jolla did at INL."Are you serious?This...

"...Look what la jolla did at INL."

Are you serious?

This statement makes no sense and has no relevance to MAE whatsoever.

Look at what INL did to la jolla, is more like it!

The note is not converted to shares unless the cash is drawn down first -
There are two ways to do this.
Do it while the shareprice is low, causing massive dilution (the INL method),

OR,

As stated by MAE in today's announcement, to wait til the shareprice is higher causing minimal dilution (the MAE method).

The well workover program has just begun and my gut feeling tells me it won't be long til the shareprice is much higher, jmho