Ann: Straits executes agreement to restructure Convertible Notes, page-2

So the conversion rate is 2.4 cents/share is that correct? Thats my interpretation anyway.
Credit Suisse has managed to then on sell the Convertible notes to other parties. I'm guessing CS will take a bit of a haircut on the deal but I'd doubt whether they will lose too much, its also amazing that someone will pay maybe 2 cents / share when SRQ is trading at .005c