You do understand I did not say anything about the debt going away. The inability to convert debt to shares can absolutely happen if the toxic lender is an unregistered dealer. VNUE just sued their toxic lenders for this.
You seem to think that that it is ok for toxic lenders to completely destroy companies over and over again where the only entity that gains from it is the toxic lender to the detriment of everyone else from old toxic debt notes from years and
years in the past that are essentially free shares that cost them nothing.
You act like it is an all or nothing scenario. The toxic lenders DO NOT habe to continue their predatory lending practices. They can choose to restructure their deals that do not destroy companies while they make millions ... they absolutely can choose to do loans that allow them to make a reasonable amount of money in relation to the risk they are taking on and benefit the company in terms of financing options that allow the company an opportunity to grow and succeed.
NO ONE forced these toxic lenders that saddle these companies with such ridiculous terms and then allow them to convert over and over. So much so ... that the SEC has had enough and started cracking down on them.
You think these toxic lenders will wait for the SEC to charge then and risk losing ALL of the toxic debt notes that have sitting out there. As the court cases continue to pile up and the writing will be on the wall ... they will quickly realize ... and start getting advice from their advisers and legal counsel ... you got a problem ... there choice is going to be ... run the risk of being charged by the SEC who just disgorged a toxic lender of 1M dollars, cancelled all the shares they held, an 80k fine and penny stock bar.
Or you could negotiate new terms on all tje debt notes you have floating around out there and not lose everything. It will be a very easy decision what to do at that point. The clock is ticking and time is running out
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