Yes it's only a scam selling shares type of company and nothing else. Reverse split soon here confirmed by MM's, retail and CEO Berge Abajian based on his actions
Actually he hasn't borrowed anything in well over a year. The existing notes have been converting like crazy and he made a huge lump sum sale in order to pay off the Iliad line of credit, a line he didn't fully access.
Berge told me months ago that he had to get rid of convertible debt to forward his plan. I asked how he could possibly do that with flagging sales and a stock not trading, at that time. He didn't answer that question. But he's doing it.
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