Management has confirmed they are not able to pay off toxic notes, and they have diluted 5.6 BILLION shares in 9 months of 2017 and an additional 1.2 BILLION shares in Q4 2017, for a total of 9.8 BILLION at year end, up from 2.9 BILLION at the beginning of the year.
And while CD holders can't hold more than 4.99% of the stock, that's not a problem, since they sell first, then cover from the company.
It may be a while until we see how many shares were dumped by toxics in Q1'18.
"There's a sucker born every minute, 2 to take him and 4 to lend him toxic debt" PT Barnum's investment advisor.