Huh? There has been millions of dollars made by qasp through selling shares that could have paid off the debt. Joe has held debt in qasp since before it took over the equs shell. Joe ran the company for a while. Joe bought qasp's planes for pennies on the dollar then turned around and leased them to qasp. He and his brother in law, Scott Martin, hold almost 50% of all the preferred A shares. Joe has stacked qasp in his favor since its inception.
The debt did not come from qasp selling shares, the debt was manufactured, sometimes by back dating documents, to sell shares.