So...I see that you continue to fail to understand the difference between
toxic death spirals
and
debt
<<And every company that issues toxic death spirals is not a scam. But it is guaranteed to die. >>
And this is an example of absolutism that I think is wrong. Companies sometimes will take on debt when they have no other option BUT there is a chance that something will come through for them. Guess what? If that chance is only 3%, then it isn't 0% is it? 3% of companies would disprove what you are saying.