You are correct. The loan before it was assumed by cbay was paid down 3 or 4 hundred thousand. Whose money was that. Surely cbay could have paid the monthly interest payments, but not even the first one was made. So could be right after the assumption and closing, the entire loan was accelerated and demand made on cbay to pay off the entire balance. The bankruptcy decision, making it absoultely certain that the stonewall note was worthless, probably was what deemed cbays lenders insecure. It wiped 14 million off the books in an instance and 6 million in alleged income. I can't believe you think Pawson is stupid. This was all planned imho.
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