Sure they would. Think about it. Cvm isnt super cash solvent to pay big bills. Which is why they have some deferred Bills. So they tell Ergomed I can pay you in shares now or wait til the phase 3 is over. By that time CVM could be out of business, a bad data leak, big share price drop etc. Going to court over it is expensive and painful so Ergomed would most likely take the path of least resistence. Ergomed would just need enough shares to guarantee payment of said debt..... Not saying this is what happened.....