If it's correct the loan conditions are based on reviewing existing (binding) sales contracts then it appears to be the case that the company does not actually have binding sales contracts because after all this time there is no loan apart from the bridging finance. I reckon that the bridging finance is not a vote of confidence but a cunning way to buy the company for $3m if it can't be repaid.
If it's correct the loan conditions are based on reviewing...
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