I think the stoush is because the company may now be entering the end game.
Now the fight is on as to who gets to convert the debt into a billion new shares and dilute the retail mugs down to fractions of their former equity. This is where the money is likely to be made if the company looks like it might survive.
Why go to all the trouble of over-leveraging, and making management decisions that case a 95% collapse in the market capitalisation if 'the right people' cannot benefit from leveraging it right at the bottom and taking out the retail muppets? It is how all the money is made on the ASX. Big or small caps.
