"ALRN issued to its majority shareholders promissory notes in the aggregate principal amount of $215,000, requiring payments of approximately $10,000 in 30 days and approximately $33,000 every 30 days after issuance. SVCC guaranteed the payments due under the notes."
Thats from the 8K. We still owe them a ton of cash, that means the previous owner still has an interest till the last penny is paid.