As a net result, the creditor would own a big chunk of the company after finish converting, they would ride the stock up with mutiple hundreds percentage gains. This is why this stock would benefit from the MMs (also credtors)after the debt converting is done.
The HUGE assumption is that the CD holders are not selling stock and are keeping it. That is not the case with ththf....they appear to be selling it as fast as they get it in their greedy little hands. As of Wednesday's close.....some of those CD holders are making 267% on the shares they received at 0.00075.