question ?, page-4

The likely key to all of this mess is the lender who put up the recent $1m loan at 30% interest per month who has not been repaid. They took a fixed charge over the company and seems to me they are in the box seat. I wonder who they are???

Hard to understand why after continually doing death spiral draw downs all year they go and take out such an onerous loan (and give the lender a fixed charge to boot) and seem to be back doing death spiral draw downs again.