The company MUST provide enough shares to settle the debt. There is no avoiding repayment. If their treasury runs out of authorized shares then they will have to increase the count yet again. In the past 2 rounds of shareholder destruction, they did reverse splits, that reduced the outstanding count and allowed them to "resell" the refreshed balance of the existing authorized. MY GUESS is that BLSP was refused the ability to reverse split again and was forced to increase the authorized in order to repay their debt or be sold off to whomever wanted their assets.
So, the more the share price is, the less shares it takes to cover the debt. At .0001 the debtor is getting the absolute minimum for the shares that they are allotted to sell. That requires BLSP to hand over more shares so the debtor can recoup their money. Every share allotment is sold and reported then it is deducted from the amount owed and another allotment is issued. This repeats until the debt is paid in full.
Look at it like this. Say you owe someone money. You give them personal items to sell. Whatever they make is deducted from your balance due. When the balance reaches zero the process is done. Until then, you keep handing over your personal items. If you run out of items, you better find more or the courts squeeze it out of you.
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