You don't understand how pump and dumps or share selling schemes work.
They incur debt as a mechanism to enrich the insiders. It will always be fake debt - like the consulting agreement with iEquity - the consulting agreement with CFOs To Go.
And then the infamous $4000 note to Crystal Falls - that ended up as a $3,000,000 payout to insiders.
What kind of new debts could they incur or why would they even need funding if they were running a 'share selling scheme'? Shouldn't it be kept as cheap, as discrete and simple and as possible