your post there tells me you don't understand convertible debt. they can't "pay" it off. it's convertible debt. the noteholders offered that form of financing for this very reason you see the stock going up today. so they can profit by multiples. the company cannot pay that debt in cash. they have to give the noteholders their shares. so, wrong. tptw will see upwards towards a billion shares coming down the pike. watch and learn.