Solarbrook Water and Power Corp. (fka SLRW)

[GOLDENBOLLOX]

A debenture is a debt instrument similar to a loan note. Money was loaned convertible to shares in the company or cash after a 6 month time period. The debentures were allowed to go delinquent (when they could have been settled). Debenture holders then received deeply discounted shares as part of a settlement agreement, far in excess of the original terms, and promptly dumped them on to the market.