The dominant mechanism is the Hudson Global Ventures $18,000,000 ELOC — a floating-discount facility priced at 91% of the three lowest traded prices over the prior ten trading days (or 91% of the lowest print in the three days after clearing), with 720,000 post-split shares already registered for Hudson's resale. That registered block alone is 37% of the 1,955,693 float, and the $18M capacity is roughly 2x the entire $8.8M market cap, so the facility is capacity-constrained by share registration rather than by dollars. Layered on top: up to 520,000 post-split Common Warrants struck at $1.25 versus a $2.53 market — 2.0x in the money and equal to 27% of float — though their issuance status is uncertain after the underlying offering window closed in June. Recent activity is aggressive: the April 2026 PIPE plus immediate warrant exercise added 20.4M pre-split shares (a 2.4x expansion of the share count in a single week), and ~1.4M post-split shares appeared between May and August from transactions not fully documented in available filings. Historical pattern is the worst component: two reverse splits in 57 days (1-for-5 on 2026-04-20 and 1-for-25 on 2026-06-15, a cumulative 1-for-125 compression), a known small-cap toxic-structure ELOC counterparty, and financing events in December 2025, April 2026, July 2026 and August 2026. Score held at 7 rather than 8-10 because the ELOC has not been shown to be actively drawn in the provided filings, the resale F-1 was still preliminary as of 2026-05-04, Hudson carries a 4.99% ownership cap and per-put volume limits, and there are no outstanding convertible notes or preferred series.