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IOU 249D, page-18

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    Well they created B2B bnpl or business to business credits lines - which was part of the alleged fraud.

    Also, the $900k loan collateral pledged was the Director's iou share holdings.

    These as per the loan agreement this have the lender use of the shares and could have been used to short sell iou and drive down the sp.

    If going shorts with that parcel of shares would have made very good returns as in 2021 the sp were still high.

    Just my theory.
    Last edited by kevin103: 07/04/23
 
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