A noteholder could convert notes into shares and resell them, leaving each existing share representing a smaller part of T1. The filing is not a sale today, and T1 would get no cash from a later conversion or resale.
The possible share increase could leave each existing share representing a smaller part of T1. T1 would receive no cash from a later conversion or sale. Still, the filing itself is not a sale, so any added shares are not immediate.
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