Nouveau Life Pharmaceuticals Inc (NOUV)

[AvantGarde]

I understand that, but that’s the way toxic debt works. There’s a written agreement for those shares to convert once they reach the conversion date and beyond. The company doesn’t “hand” these shares to the noteholders, but rather the noteholders acquire the shares from the company. The loan agreement dictates what happens.

To say that the company themselves is diluting is still a false statement. Directly or indirectly diluting? If the company is somehow making money off of this dilution then it defeats the purpose of taking out a loan (with interest) in the first place.