Thanks. This helps. It also means that the mom & pop partners are showing a lot of faith in "loaning" this money in form of notes to IOTC. There must be a lot of confidence that the future revenue streams will be robust - otherwise, if I am a mom & pop my P&L looks like:
1. Cash outflow to FCC 2. Cash outflow to IOTC to build network 3. Cash inflow from IOTC in note payment 4. Cash inflow in % of revenue
If I am a mom & pop, I am betting on 4 not on 3 (with such a small cap company).
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