It's fake debt and it's part of the scam.
The "Debt" is actually owed to the majority stock holder. The assets they bought were worth maybe $1000, which they "buy" from other companies they owned for "millions". When you sell to yourself you can name the price.
So the majority stockholders just dump off their shares as much as possible, they don't really care about the price. Because when they get low on shares, they just take "payment on the debt" in the form of....more shares.
You'll see announcements every now and then to drum up interest, but it'll be really weak stuff, people will cry it's "going to the moon" and it might go up a little on weak volume, but the majority of the volume will be them dumping off at the lower prices.
I try to warn people, but most don't listen.
