IMO this is probably connected to the Hanlong convertible note,...

IMO this is probably connected to the Hanlong convertible note, which can be converted by either party at any time prior to 31 December. Right now the company would have to issue almost 100m shares if Hanlong chose to convert it, and that number is getting higher every day. As far as I am concerned the board and management have been completely incompetent in dealing with this. They were owed a break fee from Hanlong but not only didn't claim it they left the note in place without any minimum conversion price. Almost unbelievable negligence.