The debt is by design and on purpose(aka fake).
Here's how this scam works.
Tony and Sarah Baker are the majority stockholders. They are the ones who make all the decisions and such.
The way that debt is created is they create a website that's basically worthless, maybe worth $5k at most, then they sell it to their stock company "DEAC" for $1 million or whatever. And then that debt goes on the books. Most of their "assets" actually came from another stock, SMAA that they also own.
So now they are free to dump off and sell their stock as much as possible. And when they want more, they just "accept payment" of that debt in the form of shares, thus allowing them to sell off as much as they can, and then use the debt to replenish their stocks.
So they do not want to get rid of that debt, nor will they.
And they'll R/S as soon as it's allowed. That way they can take the stock up to $3 or whatever($3 last time) and it's much easier to constantly sell the stocks under the current ask, making people think they are getting a deal. But they aren't being allowed to do it for whatever reason - which is probably a good thing.
