TPAC is a SEC registrant. The transfer agent will not issue new shares to note holders while the company is in default. By Bill not filing the K and now 2 Q's that prevents the CD holders from being able to convert their restricted shares to sell to the market. This is basic trading stuff everyone should already know.

Bill did NOT renegotiate the debt, he simply stopped filing so the debt could not be sold into the market. He did this at the same time he did the ICO PR so insiders could dump their shares. Thats why over 1 billion shares were sold on the ICO PR and the price didnt budge.

I've never witnessed a group so naive.