True but then he would force the company to liquidate their assets to pay back the credit. So he would lose the worthless shares and gain his back pay. He could also very easily bid on the fire sale assets and buy them for a fraction of their worth. So now he buys the asset and they pay him his back pay with the money he gave them. He loses his worthless shares but has an asset worth billions (according to this board) and his back pay. Then he can sell that asset to his weed growing company and collect that money (and shares) in that company. Turn the "mine" into a "farm" and start the entire scam again.
So it would not be stupid at all for Scott to do it. After all his interest in the company is about worthless already. Supposedly he doesn't have that many shares. I think 30M was the number that longs want to believe. He could sell that to the market(and may have already) and take that cash as well (although I doubt he would get $50K for them)
His interest here is not in company value. Its in pumping the PPS as high as possible and selling shares. That train left the station years ago so "losing" his $50K is nothing to him. He will make far more taking the asset and starting a new P&D
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