they dont have any money to pay him.. in order to do that they have to sell notes to someone else. thus the spiraling dilutionary ponzi scheme we are seeing in front of our own eyes.
it was funny though reading how they are already in default of the court settlement.
its like come on dude.. pay the guy and get rid of the mess. problem is when they get actual cash they dont like to let it go so easy..
the shares on the other hand.. those likely get dumped like they are on fire right after conversion, i know i would.
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