reporting of revenue, page-13

Odyssey99 thanks again, I do understand it and agree with you, the notes are probably the best option for the comp. and note holders, I have not problem with them or the price, the attached options being cream.

How many shares and options, if any do the other 20 or so notes represent?

B... spoke of, from memory $1.2M in cash, you have noted $575K from options? does that mean there are 625,000,000 00.001c options attached? that could / would be taken up.
625M and the other 1.15B = 1.73B potential shares. This approx. figure has been mentioned before.

If I held notes at 00.001c I would have converted some of them at 00.004-5c as I am sure a lot of others would have.
With the potential ESN has I feel that all the notes will be converted, even the 00.005c ones. So the dilution is inevitable but as you said necessary.