I was a hater on this stock (see my [7 reasons for caution](https://www.reddit.com/r/pennystocks/comments/1tvnh45/comment/oqsca8m/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) written 7 days ago), but this lifeline completely changes the story for this year.
**I wouldn't be surprised if they hit $1-2 now.**
[Bond Announces Conversion of Outstanding Debt into Equity at Significant Premium to Market](https://investors.ourbond.com/press-releases/post?webmasterId=131846&qmodStoryID=6577132448245315)
1. *Major Investor Exchanges Approximately $3.3 Million of Debt for Convertible Preferred Equity Priced at $2.0265 Per Common Share — a Premium of More Than 200% to Recent Trading Levels*
2. *Above-Market Conversion Along With Separate Payment Schedule Adjustment Reduce 2026 Debt Burden By $4.3M, Reflecting Investors’ Strong Confidence in Bond’s Long-Term Outlook*
Essentially, the stock was suffering from a liquidity crisis and short-term debts coming in Sep 1, 2027. Now they've got a reprieve!
