the gold backed token might be the straw that breaks their back
Especially when it's obvious the $30 million worth of gold bullion doesn't exist. The bullion value never fluctuates on the balance sheet quarter to quarter.
What Company with $70 million cash and $30 million in gold would continuously allow a noteholder to convert and dump billions of shares at a 99% discount to market? Why wouldn't the $700k note just be paid off? Why would a Company with those kind of assets not be audited?