For the most part, $300K debt is roughly around 30,000,000 shares, give or take, depending on the price of conversion above or below a penny and depending on the conversion details. I believe there is a good chance that most of it is probably paid off. I'm not sure as I'm a little lazy right now as I have not gone back to research the details. Regardless, with an OS of 163,576,104 shares, the share structure will be fine regardless: https://www.otcmarkets.com/stock/siml/profile
SIML kind of reminds me of RXMD of which I use to be in. When RXMD was trading in the sub-penny levels (now trades well into the pennies), there were a few of us trying to explain that if a company has significant operations, such will trump dilution when there is a plan for such to cease and allow for such plans of huge growth to takeover. That applied to RXMD and I believe that such will apply here with SIML too.
This is why I believe that the debt is actually a blessing in disguise because it allows investors a chance to accumulate cheap shares. I think some don't fully understand that every stock in the market exists to be able to use their shares as leverage to grow their company. This leverage is basically termed as dilution.
There is good dilution and there is bad dilution. This is good dilution here with SIML and it is not significant, especially when one considers the growth in place to offset the dilution in my opinion as indicated from the previous and recent PRs below:
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