Below is referring to the deal with FD.
"Without having this subject litigated in the public forum, what I will say is that the situation has become one of negotiating an early retirement of the loan; one that will serve the better interest of the Company and hopefully rests well with the lender. The matter is complex and is steadily progressing between both parties. We will inform the market once all formalities are final and no further amendments are necessary."
But they also mentioned paying back the toxic loan earlier.
"In light of the fact that the Company does not look toward this method of financing as the optimal or cheapest means of obtaining credit, it does continue to pursue, and already has garnered more conventional means of financing to cover its ever-growing business.
It’s my view that the outstanding balances owed on the above debt will be repaid through more conventional means in the not-too-distant future, hopefully relieving us from the constant insinuation that it’s because of collateral shares that the share price is dropping, and secondly, that short-traders are no longer able to rely on the negative sentiment assumed by you and other shareholders that provides them every opportunity to successfully apply downward pressure on the market. "
They also commented if the breached the contract with the toxic lender.
" The Company is obligated to report any notice of default as a material event, and will do so, if ever one were to occur. All outstanding debt will be repaid according to the terms of each individual contract by the respective due date, stipulated."
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