Actually there is a choice. Shareholders don't have to vote to increase the AS and the noteholder and company would then have to come to an agreement. They can add penalties or take the company to court but at the end of the day, they want their money. Having no shares available actually helps to bring this to a conclusion.
Realistically, the AS increase will go forward. The RS will also probably go forward. It's all choice though, no one has to vote yes.
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