It's clear this isn't an argument that can be won. When money is involved people are usually blind to persuasion. Making "some payments on some loans previously" is not a good argument for them making future payments. Who is to say that this is the last time money will need to be borrowed before this mill actually begins to make money. Can you not see that this is why previous lenders want any kind of payment now? How many times do they need to be told that the company needs X money for Y upgrade before they can get paid?
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