This is what I would call "good new debt". Commendable debt, in fact!
This is what I would call toxic debt ...12%/22% default interest with option to convert at 75%. This is debt taken out in Q2 when we were supposedly done with this type of financing. One may argue we knew about this debt already (did we ... can't recall for sure ... think so) & they have made payments, but if we define "new" as in "filing from last week", this is new debt, just as the above is.
Upon rereading my original post, I didn't really answer your question.
In part it was written poorly. Most of the debt I see they have on the books is at less than favorable terms & exceeds inventory on hand, which was the point I was attempting to make vis-à-vis valuation...
The new Series D shares sold, along with the additional 750m warrents for common stock, is not helpful either.
But aside from the Series D, which I don't believe can be termed "toxic financing" (or can it ... I'm no expert), I was incorrect in stating that the majority of the "toxic debt" $BRGO holds is "new".
That statement was my bad, and I am honestly not sure at this point why I phrased things that way. I assure everyone it wasn't purposeful.