Ann: Termination of Convertible Securities Purchase Agreement, page-117

I'm sure he could liquidate assets to pay off his debt, however his track record to date has suggested that's highly unlikely to happen. Each CR he hasn't put his hand in his pocket to top up on shares, what makes you think he'd sell his cars to cover costs? Especially when he knows he can just issue more shares for investors to pay his bills while he gives himself a $1.7 million pat on the back for being a legend in his own lunchbox.