No, in fact it was loan for 1.5 Mil dollars, with 12 monthly payments, using shares as collateral. If they make all 12 monthly payments, no shares get printed.
Pretty sure tonight's, 3:30 PM EST Redchip online investors work shop discussion and Q&A with the CEO will announce they used that cash, and other cash they already had from a 5 million dollar line of credit they scored a month ago using just receivables as collateral, to pay of a year old convertible note to ICLD, who they bought ADEX and AWS from, with cash on Saturday last weekend. Thay had already paid ICLD 3 million in cash about a month ago up front for the purchase of ADEX.
There have been no dilution/bad MMs on the L-2 for a week now.
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