First it was a repayment of 900k, then without telling the...

First it was a repayment of 900k, then without telling the market, they sneakily change it so that they had to foot the bill for the TNT IPO reducing the repayment to 775k.

Show me any other company which has paid for the IPO fees for a sub-company which it floated... That shouldn't happen, but I bet that was part of the deal which allowed Pattersons to bring a worthless asset to market. Otherwise, TNT would never have been able to be floated.

From what I've read, everyone who invested in the TNT did so because it was the lowest Enterprise Value they'd ever seen on an IPO... It would be hard to money to lose by investing in TNT because it's market value is so close to the amount of cash raised. This proves how desperate management were in getting repaid the money they loaned to TNT.

Now no mention of where this 775k will go in this quarterly (most likely just reduce loan balance on its books), and once again, another CR.