It's textbook T_berg economics. Entering into death sprial financings while promoting spiral development after scoffing at any legitimate forms of fundraising (they had plenty of offers even post-Huff) because of no enriching side deals.
Of course, he didn't do it alone, there was a little help from friends Tommy, Johnny, Helmie, Joey, et al, and the ignorance of a clueless board of directors. Think about who the people were that came out of this making money and who aren't owed huge amounts today, that's who any financing ultimately benefited.
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