If you owe BTGI money and they said take shares instead. What would you do? You say no I want my money in cash or I want my money at a discount. So, typically, you end getting shares at a price 50% below the market and that is horrible for BTGI and shareholders. So, if he manages to give shares at market value, that is positive on its own. It is a good deal for the company to convert debt to shares at market value.
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