You have spent a lot of time and effort trying to expose scam companies that use them. As long as these death spiral financings are allowed there will always be more companies using them and your work will never be done.
Frankly these floorless financings should be illegal to protect shareholders in all companies not just the exchange-listed companies. Is the contract they signed legal under New York Usuary laws, did KBM short the stock prior to conversions, did Curt and Seth Kramer start KBM under Seth's name just to get around the SEC restrictions placed on him and companies doing business with Curt Kramer by FINRA? How long can these toxic lenders continue to operate on loopholes in SEC rules that allow them to basically steal millions of dollars.