As of October 28, 2016 a total principal amount of $13,563,645 of the 2015 Notes has been permanently converted into shares of common stock and a principal amount of $4,142,241 has been converted that is subject to deferrals. $4,394,114 principal remains to be converted, subject to deferrals. A total of $14.8 million of the proceeds from the 2015 Notes has been released to the Company including $4.6 million at closing and $10.2 million from the restricted cash accounts. $3.6 million remains in the restricted accounts to be released to the Company on November 1, 2016 per the terms of the exchange agreement dated October 2, 2016.
The Company previously filed an 8-K on October 21, 2016 and reported 71,703,092 shares outstanding therefore as of October 28, 2016 there are 95,083,052 shares of common stock issued and outstanding.
ih.advfn.com/p.php?pid=nmona&article=72780920