The CEO did buy back a lot of the toxic debt recently with his own money. This has stopped a lot of dilution and those share from entering the market. His action signals he is very confident in the future of the company and does not expect to have the need to issue more toxic debt in the future.
What's been expected is the company will soon reach cash flow positive and not need outside financing to fund operations.
FYI traditional financing can only happen when there is consistent revenues with profit so that a financer can actually see a possibility of getting paid back. We are hoping we get it this quarter