And the Financial Review article over the weekend details some...

And the Financial Review article over the weekend details some frightening facts around this conversion of debt to equity.

When you are issuing shares to pay for PR bills and other day to day costs of running the company this could see the final stage of the death spiral.

Those creditors will be paid in shares, and I am not sure if they can be escrowed??? If they are not you potentially see them quickly selling on market in order to recoup at least some value for services rendered...particularly when the company has already lost some 80% plus of its original value.

Management is going to need to recapitalise again.

10x