"They won't be in a position to pay it out earlier because they...

"They won't be in a position to pay it out earlier because they can't make money so no nothing mentioned there is positive. More shares issued at a ridiculous price to reduce debt is not positive!"

If you didn't think they would have to seek recourse to the owners of the business to re-finance the debt, then you haven't been paying attention.

Surely you didn't think they were going to be able to generate $1.1m of surplus capital organically [*] between now and the end of the year?

Anyone who isn't, at the very least, satisfied with the way the debt has been re-structured has failed to consider some of the other alternative scenarios that could have unfolded which, frankly, are horrific.

Imagine the company had exercised the put option to the debt holder per the initial agreement. Where do you think the share price would have ended up in that scenario?

[*] Because if they could, the stock would be trading on something like a 25% Free Cash Flow yield