Okay, but this is an assumption and a totally different scenario than the point I believe he was making.
Okay, but again, he was hypothesizing that the lenders may have been fearful of QMC's viability and losing their investment, i.e., they were just looking to get a bunch of their money back (to reduce their risk) with the mechanism being the penalties (in the form of shares). The shares are relatively fungible and can be liquidated.
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