Replies to post #5806 on Halberd Corp (HALB)

[Toxic Avenger]

No incorrect. A death spiral is a financing mechanism. It's already in place. It's the only way the company can pay its employees.
If there are no buyers, then the note holder can't convert.
If that happens, there will be no more convertible debt.
If that happens, there will be no cash.
If that happens, the company will probably shut down.

So it's between a rock (death of the PPS by executed death spiral) and a hard place (death of the company by unexecuted death spiral).

[QServus]

When someone issues such toxic financing - most likely you know the company isn't real but a debt convertible scam