That did not answer the question of course - or perhaps it did, in a way not intended..........
Frankly - MRIB knew exactly from whom they were borrowing funds, and exactly the terms that would be exacted from those lenders. Toxic financing, from toxic dilution - both of which have been repeatedly denied, and clearly both of which absolutely exist, as validated by references to 'unscrupulous lenders' - your words. Certainly a company with valued, transparent leadership like Margrit & Co. know precisely the terms agreed to for much needed funds - and exactly how it would detract from shareholder value. I didn't make the 'ethical' judgement thereof - just stating the fact that the lending is treacherous for the PPS - proven clearly by the previous months of activity.