Sorry to see him make a liar of himself. What is t

Sorry to see him make a liar of himself. What is the point of stating the company will no longer take on toxic debt? He made that claim when the China deal was hot and heavy. It's sounding like the China deal must have fallen through and he only has one avenue for raising capital and it's purely toxic.
Anyone able to get word from GC himself as to the state of affairs with the company? Actual insight of course, not just the PR's he uses to dilute shares into...