I believe it was used to as a major reduction of shares outstanding from note holder ASC Recap, not that loan of $300k. It went from 3,833,793.00 down to 2,933,793.00 ( ASC Recap ). For the $300k, it's stated as repayment by 3(a)(10), or Regulation A+., or mutually accepted. Perhaps the CEO could disclosed that or we will find out next report Q4.
"and costs associated with implementation of either a 3(a)(10) settlement or other mutually acceptable alternative mechanism, such as Regulation A+."
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