I do believe Paxton was private at one time as well..and lenders will not lend if their is no shareholders to pick up the tab..or collateral to secure the monies...and shareholders will not come if they have a CEO with historical indiscretions...
1) Volk's new corporations are currently private and
2) toxic, predatory lenders like Asher have done well by Volk, so I would imagine they would be more than willing to pony up to his next go-to-market scheme. they are amoral, so they could care less about reputation and collateral shareholder damage as long as they make a buck.