TP
" june 30 - with us then paying back the $4.8mill loan out of that "
I think you will find that the loan is being paid back as a percentage of each shipment.
When a shipment is received about 40% of the value goes to repaying the loan and the rest goes to PIO's account. This may be the other way around as far as the 40% - 60% is concerned but, it works on that principle.
Lockitt
Kept in the dark, page-53
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