Thank you for giving me a clean bill of mental health. I was really doubting myself. If it is that obvious for me to see, as a Belgian shareholder who sometimes has problems understanding the technical legal stuff, and not being a finance expert (though I had some basic accounting education), then this must be so clearly a judicial f**k up.
Give them a loan over a 10 or 20 year period or use the, what was it, 750 million $ in senior notes/obligations and get on with business.