Ann: Appointment of Voluntary Administrators, page-157

One thing that could have triggered this situation also, is that quarterly interest @ 8% on the 2.5 million has been going on since this agreement started. If you look at the default options on the contract, it gives Realtek the option to default Nuheara on the quarterly payment interest, and perhaps that's why the VL was brought in, as the default provisions on the contract make the total sum of 2.5 mill plus any interest due and payable on demand, in the event of default. Could be the case.