This is a disgrace - how can a company agree to pay so much...

This is a disgrace - how can a company agree to pay so much interest for a loan they theoretically get at a much lower rate. I know at this point no one would lend anything to this board - but aren't they meant to be transparent and tell us who the lucky punter is... and chucking another 3 million shares for good measure. Rumblings of a new board seem to have gone quite - but maybe need to be considered again.