Looks like the loan extension of a few short months gives them the time required to convert it to shares? There is no other feasible way to pay it out, so that's a sensible approach I suppose, but will massively dilute existing shareholders. The company should make clear what it intends to do when the short term extension expires in just three months. (Surely they must know??)
Looks like the loan extension of a few short months gives them...
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