So I got involved with this ticker a few months ag

So I got involved with this ticker a few months ago when it was in the .002's, and after following the story here during that time, I am perplexed and less than hopeful.

Am I the only one not encouraged by the financials? The CEO has taken out enough toxic debt that, at the current conversion price, they could translate into 100's of millions of shares. Any kind of run would be seriously crippled by this. Obviously business is not good if toxic loans are the primary source of cash for operations, and who knows how much of the cash on hand is merely a result of the sale of shares.

I'm just not seeing it. Investors (traders) can talk about potential all day long, but the current reality is that we are now locked in a toxic death spiral, very much similar to, apparently, the LAM debt that helped drop this from pennies to teens.

This is bad. Handing out shares for immediate conversion at a 50% discount when your ticker is struggling to maintain liquidity above trips is extremely damning and foreshadows a very bad ending. No ticker that takes on debt like this ever survives without suffering a reverse split.

One might take the stance that the share price will greatly appreciate, significantly limiting the amount of shares coming to market, but the fact that the CEO is handing them out with zero restriction, and the fact that his own 1-A offering is for a paltry .0024, it doesn't appear there's confidence that this will trade above that level.