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Wednesday, May 13, 2015 2:39:09 PM
Without the loans, the company would have liquidated, and considering the high risk Leo took making the loans, at the time the terms were very fair. But, in hindsight after 4 years of progress into a clinical stage company, and only looking at the "generous terms" through a less than historical prism, the loans seem self-serving and sweet when in fact they were fraught with risk.
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