The point here is that the assets are questionable at best and non-existent at worst.. but the debt is real and never going away unless either paid or waived by someone from the past.
Since it's becoming more obvious that the current control person isn't going to do anything with it.. the value of it going forward to a new control person is materially affected by the existence of that debt.
This is what happens when a low life con man like Basilio Chen talks an innocent Chinese businessman into investing a shell he has no business getting involved in. Basilio made his profit off the deal and couldn't give a flying fu*k about the aftermarket.
PT Barnum was right.. there's a sucker born every minute.
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