As soon as the price collapse to the point that the WC note is no longer worth the risk of continuing this scam, expect some sort of exit scenario for the all caps/bold dude and his henchmen..
Very true. But I suspect that the "exit" will happen way before the share price gets anywhere close to the conversion price. Something will happen - three letter agencies get too close, or maybe a civil lawsuit stirs things up too much. Or, perhaps the perps get "outed". Or some combination of those things.