It matter because the debt will be worth less therefore the buyout price of that debt will be less AND the note holder will not be able to dump it onto the market to realise short term gains then short the stock into the ground then cover!
Curtails and STOPS the stupid "everyday" conversions from Carbourn and the way Carbourn smashes the stock and all the bids while they are finalizing things IMO. Things are going to change. All will see