Ken also said that $5M note in MDCN was 'paid for' by a note in kind, so that MDCN 'owned' a $5M note in GSFI.
My opinion is that 'note swap' is invalid, based on a) the definition of such a note, which is supposed to be a note for "funds" or "money" that the company can used for growth, and b) the logic behind it, which proves absurd if you simply extend the 'value' of each note to $5B or $5T dollars. Since the notes are of the exact same kind, it's obvious that neither note creates $5M in wealth any more than $5B or $5T in wealth, if those arbitrary numbers were assigned to them.
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