You've misunderstood how loan notes work, bluejacket
REVO issues a promissory note because it owes money.
The money is often owed for services rendered. And there are lots of examples of this in the accounts. Take, for example, the loan notes issued to Carter and Ali.
Sometimes the money is owed because a bill has been paid on behalf of REVO. There are examples of this in the accounts. For example, a Note was issued to a Third Party (Rainco) for paying a judgement debt, incurred when Carter defaulted on a personal loan.
This is standard practice for REVO, because it has no cash. And they spell it out in the accounts
The 'Third Party' who commissioned the $500k stock promo will get reimbursed by REVO (in the form of a note convertible to stock at a deep discount) provided the $500k actually gets paid.
Standard practice for a company, like REVO, with no cash.
