There is no evidence that 10% of price was ever used, so may have been a typo. It looks like the 60% of price (also in one of the filings) is what was used (Jun, 2016) one time, but in Feb they actually converted at ABOVE market prices to CLOSE OUT the entire loan - ie no more toxic debt remains. So is it a scam? I'm not 100% convinced of it.
And I'll go by my own track record instead of your off the cuff assessment, thank you anyways.