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Ann: March 2023 Quarterly Activities Presentation, page-129

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    I think the concept being, the income from the grant being a taxable income event on the books, with the loan incurring an interest expense which if the correct amount would balance out the tax expense of the loan, effectively making the loan somewhere at or near interest free.

    I think that is what we are looking at.
    Last edited by theghostwithin: 06/05/23
 
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