The pros and cons of MNS., page-994

Short term monthly loans- on 30.06.23 Magnis borrows $4.6m and hands it to IM3. On 17.07.23 it’s paid back thru a credit raise $10m @ $0.12. They burn thru that cash and on 01.10.23 they borrow $2m x 2 months from sophisticated investors. Then on 01.12.23, they borrow from sophisticated investors $4.6m @ 5% monthly interest and pay back the earlier $2m. That $4.6m has been extended every month for 7 months and due again in 12 days, the total due $6.1m. What is interesting is the first loan amount was $4.6m and last loan amount is $4.6m by - magic pudding?