The journalist was correct in stating what he did.

The journalist was correct in stating what he did. But in fairness nobody implied anything. The potential negative consequences in the event the share price dropped due to unforeseen triggering events, default, etc., were spelled out in the agreement, so it was never a mystery. The other thing to remember is that the company has always had the option, and it still does, to repay in cash rather than having to issue shares.