I like your proposal, but one question: If traunch A is purely debt and tranch B is convertable, does this enter into effective ownership regulations, and would Al be on the cusp of owning too much of the Company stock for publicly traded companies (SEC) rules? If he converted his debt to stock, that would be 33,333,333 shares, representing around 10% of the total authorized, and would put him right at or over 50% effective ownership. Just wonderin....