So in summation the outstanding shares ballooned to pay off toxic debt that was owed and now the debt is paid so there is no longer a need for the outstanding shares to balloon. This is good news.
Toxic debt often takes these small penny stock companies down entirely. I'm glad they took care of that already. Pretty much a long-winded way of announcing that management got the companies affairs in order..
"If you even dream of beating me you'd better wake up and apologize." ~Muhammad Ali