It is an accounting technique to return money invested by the proprietors, at the early stages of a business.
There is a simple explanation for you.
It is not some random paper pushing accounting technique. It is simply what happened. They took money. End of story. It isnt some guesswork game. They took it.
They received shares in Expo for their ownership rights. That is how you get paid back for your early investment.
No company creates a fake loan, unless they are breaking the law.
If it is listed as a receivable it is exactly that. A receivable and an asset. It is sad that they have ripped off investors like that. They should be put in jail for being the two bit grifters that they are.
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