Hello Feckens,
Let me ask you a question: If the $216K was actually a loan Why would it be forgiven?
I would think that a far better explanation would be that revenue invoiced out by Cbox was taken into the coffers of the parent company whilst Cbox was left to pay all expenditure.What better way to achieve a paper turn around by creative book keeping than to bill the provider whilst pocketing the income.
Cheers
Silver
IMO DYOR