Replies to post #37177 on Attitude Drinks Inc. (fka ATTD)

[BigBake1]

You do not understand or have failed to read the filings, there are over 30+ convertible notes due throughout the year, there are 30+ warrants out there that also convert to shares, no to mention multiple "instant" debts that are paid with shares. Some of the notes would completely use every existing share in order to pay the debt just on their own. There are no end to conversions here, over 13 due next March would currently require 80 billion shares to pay the principle alone.

Toxic financing has no end when a company is constantly burning cash and cannot sustain a single cost.

[BigBake1]

Can you explain the rise in debt and yet billions of shares dumped on the market? As I said before, they payoff little of the debt here as the discount rates are absurd and with the PPS in toilet here they get very little principle paid off, let alone pay the interest.