I've only glanced over the details (it's like 50 pages of ann's +) but that was initial reading if I missed a automatic conversion provision of something similar i urge people to let me know as it don't have the time to pour over it with a fine tooth comb for a while.
That's a super simplification but yes Convertible Notes are for all intents and purposes a loan and is generally classed as a debt despite being a hybrid security so SYT would shutter unless it can find outside funding to cover the approx 4 million dollar debt if the notes reach maturity.
Gotta bounce i'll check bak in tomorrow morning if there are questions.
