He seems to on average last year carry around $3.5 mil of convertible notes at a time. Pipe dream, but the first $7.5 mil he could wipe out half of the notes close to the conversion date, $2 mil on buyback, rest for marketing. Next month, another $7.5 mil, get the rest of the notes off the books. Then it's a functioning business.
Or he could spin off KFUND, get it listed, saddle KPAY with all the debt, and leave it to die.
I'll take shares of KFUND.