I don't believe people think that it's OK to default on a loan agreement or that there is something virtuous about it.
We are talking here about loan sharks that think it's okay to act like vultures and cause a lot of pain in the process of dumping their free converted shares. Obviously somebody else agrees as well and that's why they are finally being dealt with. By saying this I'm not giving a free pass to the borrowers that seek out these lenders in the first place.
The CATV debtors that the Company is dealing with now entered into these conversion debt note contracts mostly in 2015.
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