Indeed not a bad outcome, though it may be kicking the can down...

Indeed not a bad outcome, though it may be kicking the can down the road or laying the foundation for some ulterior motives in the future.
The new loan by the CEO citing "materially the same" conditions could and perhaps should have been done with a bank, taking advantage of much cheaper interest repayments... one wonders whether there was an effort to secure such a loan or not.

As @Flognoggle said, the previous announcement clearly stated that debt would be paid off end of June however as discussed it's clear there wasn't really any pathway towards doing that.... rather misleading statements and still on a very slippery slope re. continual (and accurate) disclosure.