That's the CR I figured too from the newly issued shares(300m to 1.2b= 900m) for the Noteholders.
PV did indicate he could get them to settle for half the $3m owed to them. This makes sense since a Ch7 BK would just get them $500k.
900m/3300= 272k AIGI shares= $1.5m
IF the CR was too high the NHs wouldn't have gone for it.
This CR of 3300 is realistic because it also keeps the AIGI SHs dilusion to only 40% of the key $5m amount. The core reason of doing a RM instead of a standard IPO.