Telefox Ltd, page-3

This was looked into extensively back when the loan was first announced. Israel has an investment mechanism where loans can be provided from an “instant company” and that company isn’t registered in the normal way as it is merely a financing mechanism. Happens all the time and is very common it seems. I expect there are tax or liability advantages in Israel to doing things this way. Regardless, it’s apparently a common investment vehicle there.

i was hoping that whoever provided the telefox cash would be dipping in deeper for this raise. Who knows? Maybe they will.