I use the word purchase for lack of a better term, maybe aquired would be better. This is from Hedge Fun, and can be found in the filings which im sure you already know:
The securities held by Pivotal Global Capacity, LLC consist of debentures immediately convertible into 195,454,028 shares of the Issuer’s common stock, $0.0001 par value, and warrants immediately exercisable to acquire 73,765,625 shares of the of the Issuer’s common stock, $0.0001 par value.
Why waste their time with this if they were planning on canceling the shares, or thought the shares would be canceled.
