8% note interest on loan is MORE than enough. THAT is way higher than the going rate. Add in an additional 50% discount on buying price/share of stock and that is out and out thievery AND stock price DESTROYING.
You are correct in that ALL who purchased these cancerous notes SHOULD relinquish the ridiculous 50% discount and rewrite the notes for the MORE than generous 8%. That would benefit their investment in this company and the stock price for ALL including THEMSELVES.