What do you do when verification is unavailable? Blindly trust a team who showed inability and/or unwillingness to pay their debts, and have since intentionally prevented any semblence of DD, while hiding behind a wall of PR and msg board promotion?
Why is public disclosure of financial position so difficult?
Why did GFTX really stop filing?
I've seen countless companies renegotiate convertibles, often the result being a 1-2 year moratorium on conversions - none of those companies intentionally hid from investors all meaningful financial data.