All of the loans made by Redwood, Dominion, Aegis, Union, etc. were cash loans to World Moto. Based on what they disclosed in their filings we know Chris and Paul paid themselves $200K per year. The company has had no revenues so their salaries were paid through these loans in addition to however much was spent on R&D.
The loans can be repaid in cash or converted to shares. No revenues have been made to repay the loans so now these companies are converting shares to be sold on the open market. This share dilution is why the pps has gone down so much.
World Moto only has one way out of this and that is to sell thousands of meters to pay off these loans.
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