"The fourth accepted and now she is the richest woman in all of the UK. Point is, some people never give up on their dreams. Arnold Klann is one of those guys. "
That example only works if JK Rowling sold 80% of her soul before the 4th suitor came in.
Toxic Debt: Debt that has a lower chance of being repaid with interest.
Bluefire pays their debt with printing more shares.
For instance, instead of paying back a $28,000 loan, Bluefire decided to let it convert to stock at MASSIVE discounts (58%) and the $28,000 converted into approx 28,000,000 shares.
At the time, it was 15% of the company. That is just one example of many conversions Bluefire did on toxic debt. Just because they don't have the term 'toxic debt' in their vocabulary, doesn't mean it didn't happen. But you can take their word for it and ignore blatant the facts.
Did you ask them how many shares are out standing? Also if they plan to pay back the April due debt with dilutive stock again, or actually pay it back with real cash? And if paying back with cash, where that cash is coming from as there are no revenues.
With a phone call, you will learn what the person on the other end of the line wants you to.
With reading and research of filings, you will learn the facts.
