Well they did!
It turns out that 937,500 and 312,500 add up to 1,250,000. When multiplied by $1.60, it magically becomes $2 million, which is the amount of the loan that delivered as payment.
I know, everyone wants to see it in writing. It will appear the next 10-Q.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International