Rebus Holdings Inc (RBSH)

[Mrragu]

SABBY (as ruthless as they are) is behind it all. The debentures carry mature dates that SABBY knows have no chance of being paid off in cash so NSPX needs shares to convert to eliminate the debenture liability. So the loans (debentures) can't be paid off in cash and can't convert to shares because there are no shares available because all the shares were bought in the covid-19 hype. So SABBY is glad to extend mature dates to eliminate DEFAULT on the debenture agreement for new addition debentures but the company never receives actually money for these debentures it's just a payoff to extend maturity dates. The SEC on the other hand frowns on company selling securities that can not be paid off by the terms of the agreements. NSPX has no way to pay off SABBY's loans because they have no cash and no shares of stock. They are in a box and the root cause is they have yet to prove that their stock is worth more than subpennies.