Ann: Investor Presentation - Half Year 2021 Financial Results, page-16

I suspect you are right about when the interest actually applied to. There were penalties which applied under the failed Carlyle bid and the standstill agreement and they were probably not calculable until after that period. John has just used the current facility to stabilise the business, make an all out effort to extract the best figures he can from remaining PDPs whilst maintaining enough momentum with new PDPs to not lose traction and use those figures to prove to new funding sources that the business is viable and resilient. That is not an easy job from the low point he was at - so regardless of what the market thinks of him he has managed to walk the tightrope and come out of it in much better shape than CLH which had to sell the family silver to stay alive much to the delight of CCP who scalped them. If the PNC SP stays at this level I will be back in for a small parcel - that conservative NTA of 74c is too tempting based on the indication that John has discounted his PDP valuation by an extra $6m + just to be conservative (CCP style you could say).