Yup, having trubble covering the endless OPERATING LOSSES and mebbe JOHN R. FOX balked at throwing more munny into underwater CONvertible debt notes this autumn/winter (in contradistinction to the prior two years).
So The Clownshow pulls the ole 'let's bilk more munny from the retail shareholder-victims' by offering them PPs, CONvertible debt notes, or 'investment opportunities' in new JV entities play that The Clownshow can then drain to cover the endless OPERATING LOSSES.
Chapter 7 'Re-victimizing The Deep Underwater Retail Shareholder-Victims by Offering Special Opportunities To The Herd' in The Pennyscammer's Playbook 2nd Ed.
Time to bring in MALCOLM H. PHILIPS JR. off DaBench as the new CEO. He played this play to perfection bilking existing retail shareholder-victims in the LOCH/CDEX scam (used here for example) by selling them Special Insider-Like Deals - PPs, CONvertible debt notes - and swindling them for ANOTHER $45 Million in these special direct-investment 'deals'.
This scam play has been most recently seen in MRGE, for example where the grifter sold PPs to existing deep-underwater retail shareholder-victims by enticing them to chase the losses with such 'special opportunities' in the form of discounted PPs.