Gus, I wouldn’t read much into this loan in terms of time lines for the repayment schedule, one way or the other. NWBO has entered into similar credit facilities in the past, under similar terms. The only thing positive is the loan is not dilutive, albeit at a relatively high interest rate, all-in.
I also wouldn’t necessary make the assumption that the lender has seen TLD. It’s possible that the loan is backed by a guaranty from a third party - although the hypothetical guarantor would likely be aware of the results, so there’s that. And again, they’ve entered into similar agreements long before even the unblind.
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