lol, Convertible Debentures aka Floorless aka Death Spiral are real simple and highly toxic to companies. Many scammy pinks do them because they get quick cash and you screw the shareholders who end up footing the bill.
It works real simply. They loan money and receive the equivalent in shares. If the PPS drops, the number of shares goes up. There's no limit. At the same time they can short and make money all around.
"Insanity is doing the same thing over and over again and expecting different results"