"toxic financing/dilution plan to raise survival cash"
I think you're misunderstanding the plan, This isn't raising survival cash. It's old debt which they spindled, defaulted, compounded, multiplied and as I've said before, all it appears to be is Toxic's plan of rather than filing BK yesterday, play out the burn down for as long as they can. which is why the odds are increased that when Toxic gets satisfied they'll file BK on the rest of the debts.
there's many more debts, taxes, and collectors who want theirs too, plus B convertibles that haven't even begin playing.
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