The only way to really eliminate debt is to have revenue to pay it off. IF (big if) there is actually some non-equity financing and I highly doubt there is for a company without revenue and with it's only asset in dispute, but IF there is really alternate financing, what are the terms? what will happen if the company is not able to make the payments and who in their right mind would loan a company that has never produced anything money?
There are plenty of companies with products in the market already that can't secure financing. I don't understand why anyone would think that Charlie can get a huge loan with a handshake and a kiss.
During times of universal deceit, telling the truth becomes a revolutionary act -George Orwell